XRP Breaks $1.13 Resistance, Rises Over 4% to $1.15

The cryptocurrency XRP has surged past a key technical resistance level, sparking debate among traders over whether the move signals a sustainable recovery or a temporary bounce within a longer-term decline. As of July 22, 2026, the token was trading near $1.15, having gained more than 4% over the previous 24 hours and breaking above the closely watched $1.13 threshold.

The price advance followed a period of consolidation, with analysts noting that XRP had been compressing within a symmetrical triangle pattern on shorter-term charts. Market analyst Ali Martinez highlighted the breakout, suggesting that a sustained move above $1.13 could open a path toward a target near $1.35, representing a roughly 20% gain from recent levels. The move was accompanied by increased trading volume and a rise in derivatives market activity, with open interest reaching approximately $2.6 billion, indicating heightened trader participation.

Despite the short-term momentum, a significant contingent of market watchers cautions that the broader trend remains bearish. Analysts point out that XRP continues to trade within a descending channel that has contained its price for months, with key resistance...