XRP Breakout Hinges on Hourly Close Above $1.54

XRP is currently trading at $1.51, with a market cap of $95.06 billion. The token's price action has formed a symmetrical triangle on its hourly chart, which could be significant for traders.

The analyst notes that the breakout trigger for this pattern is $1.54, and it requires a confirmed hourly close above that level to validate the breakout. A close above $1.54 would signal that buyers have absorbed the overhead supply and broken structure to the upside.

If XRP breaks out above $1.54, the measured move from the pattern projects approximately 10% upside, placing the target near $1.69. This is based on the triangle's geometry and the flagpole height at its widest point.