XRP Price Inches Closer to Breakout, Eyes $1.25 Target

The XRP price has been trading flat around $1.10 as capital flows into memecoins, but the underlying technical structure suggests traders are positioning for a potential breakout.

Rising Open Interest and positive funding rates indicate that buyers are taking on fresh positions rather than exiting the market, which is often a sign of a larger move to come.

XRP has formed an ascending triangle pattern, which signals an impending breakout as price volatility continues to compress. However, bulls still need to prove themselves by pushing XRP above the overhead resistance near $1.16 before the setup can be confirmed.

A decisive move above this level could pave the way for a retest of $1.25, while another rejection may keep XRP confined within its current consolidation range.