Structure Breaks into Resistance Zone

$XRP reclaimed its 4H resistance at $1.16 and is now testing price action near $1.17 with 24-hour volume at $1.119 billion. This level had acted as a friction point for the prior two weeks, containing rallies and generating reversals. The breach required sustained closes above $1.16 and a shift in order-flow balance favoring buyers. This type of structural break signals a potential shift in directional bias, though confirmation depends on hold-and-extend behavior in the next 4H candle.

Fibonacci and Structural Targets Above

The next material resistance sits at $1.35, representing a 16% upside from current levels. This target aligns with a 0.618 Fibonacci retracement from the prior swing high and has historically been a distribution zone. Between $1.17 and $1.35, price may find minor friction at $1.24 - $1.26 (a previous swing low that acts as a secondary supply level). If price extends toward $1.35 without backing below $1.16, it signals continued accumulation above structural support.

Momentum Signals and Entry Mechanics

The 4H timeframe shows momentum aligned with the directional move. RSI has climbed into the 55 - 65 range (above neutral 50 but not yet overbought), suggesting room for sustained upside without imminent exhaustion signals. MACD remains in positive configuration, though the histogram is flattening slightly, indicating that momentum may not accelerate further without fresh volume confirmation. Price action reaching $1.17 on the back of $1.119B in 24-hour volume (consistent with multi-week averages) means the breakout lacks the extreme volume spike often seen in capitulation reversals - a neutral observation that neither confirms nor refutes strength.

Critical Support and Risk Below

If price fails to hold above $1.16 on a 4H close, the prior zone of support sits at $1.10 - $1.12, a level that has held multiple retests over the past month. Breaking below $1.10 would open exposure to $1.05 and the 0.786 Fibonacci level around $0.98. Trading structure in this zone demands tight invalidation logic: if a trader is long-biased from $1.16, a daily close below $1.12 would signal early failure of the breakout and warrant reassessment.