XRP hovers around $1.13 as analysts flag bullish patterns and key resistance levels

The XRP token is trading near $1.13‑$1.14 after a recent rally that formed an 8.5‑year cup‑and‑handle pattern. Analysts note the price broke past the $1.10 resistance and is testing the $1.20 level, with a possible breakout toward $2 if the symmetric triangle pattern seen around $1.13 resolves upward.

Technical indicators show mixed signals: a hidden bullish divergence and rising RSI suggest momentum, while a hidden bearish divergence and overbought RSI (around 71) raise caution. Support is seen near $1.08‑$1.10, and a break below could push the price toward $1.00. Long positions on Bitfinex surged 3 % in a single day, reflecting strong buying pressure.

Analysts warn that the current consolidation may end soon; a decisive move above the triangle’s resistance could trigger a broader rally, whereas failure to hold support may lead to further decline.