XRP Consolidates at $1.10 as Breakout to $1.35 Looms

XRP is trading around $1.10-$1.11 as it consolidates below key resistance at $1.1237-$1.1475. A symmetrical triangle pattern is forming on the daily chart, with a potential breakout target of $1.35.

The triangle has developed following XRP's prolonged decline from its 2025 highs above $3.50. Chart analysis shared by @cryptowithgopal shows converging trendlines, with sellers becoming less aggressive and buyers defending progressively higher lows.

Funding rates in perpetual futures markets have turned positive, indicating traders are willing to pay a premium to hold long positions. The 30-day Z-Score has also climbed back above zero, signaling XRP is trading above its recent average after a period of consolidation.