XRP Price Breaks Its Downtrend – What Confirms the Move?

1 hour ago 2

Key Takeaways

XRP cleared both descending channel boundaries.
$1.42 is the first daily resistance.
$1.34 is the first major support.
Weekly moving averages remain bearish resistance.
ETF inflows slowed sharply after August.

XRP clears both downtrend channels

The daily and weekly XRP/USD charts show XRP above the descending boundaries that contained its decline, while trading near $1.41 at the time of writing. This interrupts the previous pattern of failing beneath the channel ceiling, but it does not confirm a broader reversal.