The Technical Coil: XRP Fires Classic 'Triangle Breakout' Targeting $1.35 Resistance 📈⚡ $XRP has officially broken out of a multi-week consolidation squeeze, triggering a technical "triangle breakout" setup on the daily chart as buyers push the asset up 4% to trade near $1.14. The upward move snaps a prolonged period of sideways price action that had trapped the token within a tight $1.09 to $1.11 trading corridor, elevating its total market capitalization to $70.85 billion. Technical analysts highlight a clear multi-stage path for follow-through momentum: The Squeeze Dynamics: The classic triangle pattern formed as price action coiled tightly between converging trendlines, signaling that the weeks-long volatility compression has officially resolved in favor of spot buyers. The Overhead Target: With the initial $1.11 resistance converted into immediate structural support, technical desks are eyeing a swift continuation leg toward $1.35 - provided trading volume continues to expand. My technical assessment: A technical breakout is only as strong as the underlying volume supporting it. While popping above $1.14 is a constructive short-term signal for momentum traders,$XRP still faces dense overhead supply near its year-to-date highs. If broader macro risk assets face renewed selling pressure, this breakout risks turning into a bull trap; buyers must hold the $1.11 baseline on any immediate retest to prove this move toward $1.35 possesses real, lasting liquidity. 🛡️🎯 #Altcoin Season# #Ripple #XRP