XRP Reclaims Realized Price, Eyes Potential 55% Breakout

XRP has seen a 28% recovery from its macro low of $1.12, pushing the asset above its realized price of $1.41. This shift indicates that the average holder is no longer facing unrealized losses, a transition that historically reduces sell pressure and shifts market sentiment toward a bullish outlook. The asset is currently trading at $1.44, marking a 5% increase over the last seven days. Market analysts are closely monitoring the $1.40 support level, as maintaining this floor is considered essential for sustaining the current upward momentum. From a technical perspective, XRP has been consolidating within a symmetrical triangle for over two months. A daily close above the upper trend line at $1.46 could trigger a breakout, with a measured target of $2.24—representing a 55% increase from current levels. Further upside will require overcoming several moving average hurdles. Key resistance levels are identified at the 111-day moving average ($1.57), the 200-day moving average ($1.88), and the 365-day moving average ($2.22). To confirm a definitive trend reversal, traders are looking for a daily candlestick close above $1.60, which would break the upper trendline of a descending parallel channel.