XRP holders return to profit as price eyes 55% breakout

XRP reclaimed its $1.41 realized price, returning the average holder to profit as the token traded near $1.44. The price is about 28% higher than a macro low of $1.12.

TradingView data shows XRP/USD around $1.44, up about 1.6% in the past 24 hours and roughly 5% over the last week. Glassnode reports the realized price at $1.41, the average cost basis of coins based on their last on-chain movement.

XRP has been consolidating inside a symmetrical triangle for more than two months. Technical analysis of that pattern produces a measured target near $2.24, roughly 55% above the current price.

To confirm an upside breakout, XRP must break and close above the triangle’s upper trendline near $1.46. A daily close above the upper trendline of a larger descending parallel channel near $1.60 would indicate a potential trend change.

Key moving averages sit above the current price. The 111-day moving average is near $1.57, the 200-day moving average around $1.88 and the 365-day moving average close to $2.22.

Technical trader ChartNerd noted that the moving averages between $1.35 and $1.40 need to hold to keep the bullish scenario intact.

In mid-2024, after reclaiming its realized price, XRP rose from about $0.52 to roughly $2.90, a gain near 460%.

Traders are watching volume and daily closing prices around the triangle and the moving averages to assess the market’s next direction.