XRP jumps 3% as breakout above $1.39 ends early-2026 downtrend

coindesk.com 2 h

Analytics

$XRP pushed higher after breaking a months-long descending trendline, with a surge in trading volume confirming renewed momentum above the $1.39 resistance zone.

News Background

$XRP has struggled to sustain rallies through early 2026 as sellers repeatedly defended a descending resistance line formed by lower highs since January.
The latest move marks the first decisive break above that structure, shifting short-term sentiment as traders reassess whether the corrective phase may be ending.
Fund flows offered a mixed backdrop. U.S.-listed $XRP ETFs recorded roughly $3.9 million in outflows during the session, extending a short streak of redemptions even as technical momentum improved.
Meanwhile, activity on the $XRP Ledger continued to rise. Daily transactions recently climbed to around 2.7 million, among the highest levels in recent months, partly driven by projects focused on tokenizing real-world assets.

Price Action Summary

$XRP climbed from about $1.37 to $1.41 during the 24-hour session
Price cleared the $1.39 resistance zone that capped rallies earlier this year
Trading volume surged to roughly 205 million tokens, more than triple the recent average
The token traded within a roughly $0.057 intraday range during the breakout

Technical Analysis

The key technical development was $XRP’s break above the descending trendline that had defined its downtrend since early 2026.
The move came with a sharp expansion in trading volume, suggesting the breakout reflected active participation rather than thin liquidity.
After the breakout, price briefly tested the $1.41 area before consolidating slightly lower.
On shorter timeframes, $XRP held above the $1.40 zone, forming a sequence of higher lows that indicates buyers are attempting to establish the former resistance area as support.
If this structure holds, it would confirm a shift from the previous pattern of lower highs that dominated the past several months.

What traders say is next?

Traders are now watching whether $XRP can hold above the $1.39–$1.40 area.
Maintaining that level would confirm the trendline breakout and could open the door for a move toward the next resistance zones around $1.44 and $1.50.
A failure to hold above the breakout level, however, could pull $XRP back toward the $1.34–$1.37 support band and signal the move was a short-term liquidity sweep rather than the start of a sustained trend reversal.