XRP is trading near $1.42 after pulling back from its recent $1.69 high, but its short-term chart is starting to improve. Despite the drop, the chart structure has improved, and top crypto analyst Ali Martinez says the XRP breakout is confirmed.
At the same time, spot XRP ETFs recorded a record $110.49 million in weekly inflows, helping support the XRP price.
Ali Martinez Confirms XRP Breakout
The latest signal comes from crypto chart analyst Ali Martinez, who shared a 1-hour XRP chart showing the token breaking above a falling trendline.
Martinez said that,
“Breakout Confirmed! XRP has cleared resistance. Next target: $1.70.”
The chart shows XRP moving out of a descending trendline that had capped its price through the week. XRP is now around $1.40, with the breakout area becoming an important level to hold.
The first hurdle is around $1.50. A move through this range would strengthen the breakout and bring Martinez’s $1.70 target into focus.
If XRP reaches $1.70 and breaks that level with strong buying, the next upside areas on the chart are around $2.09 and $2.35.
The setup would weaken if XRP loses $1.37. A decisive break below that level could send the token toward $1.20, putting the recent breakout under pressure.
XRP ETF Inflows Hit 2026 Record High
The technical setup is also coming as XRP investment products see stronger demand.
U.S. spot XRP ETFs attracted $110.49 million in net inflows for the week ending August 28, their strongest weekly result of 2026. Cumulative ETF inflows have now reached around $1.66 billion, while total net assets stand near $1.44 billion.
Among the spot XRP ETFs, Bitwise’s XRP ETF remains the largest, with cumulative net inflows topping $600 million, while Franklin’s XRPZ saw an inflow of $462.86 million.
September 15 Could Be a Key Date for XRP
XRP traders are also watching September 15, 2026, when the U.S. Senate is scheduled to vote on the CLARITY Act. The bill could set clearer rules for digital assets in the U.S. and have a direct impact on XRP’s market outlook.
If passed, the legislation could provide clearer treatment for assets such as XRP and make it easier for financial firms and institutions to enter the crypto market.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
Credit: Source link