XRP climbed more than 4% over 24 hours to trade near $1.13 on Monday, as traders watched for a potential breakout amid hopes tied to the Clarity Act.
The token rose from around $1.09 to test short-term resistance at $1.13. Analysts noted compression in a symmetrical triangle on the hourly chart, which could open a path toward $1.35 if the level holds.
On the daily timeframe, XRP remained inside a descending channel with the 100-day and 200-day moving averages still above price. Key resistance sits at $1.24 to $1.28, while support holds between $1.02 and $1.06.
Market data showed 24-hour volume near $1.27 billion and market capitalization around $70.85 billion. A sustained move above the immediate breakout level would strengthen the short-term setup, according to technical observers.
