XRP Jumps 3% After Breakout Above $1.39 Ends Early-2026 Downtrend

XRP jumped about 3% after breaking a months-long descending trendline and clearing the $1.39 resistance zone, a move that CoinDesk described as ending the early-2026 downtrend.

“XRP jumps 3% as breakout above $1”

@coindesk

Volume surged sharply during the breakout, with CoinDesk reporting that volume increased more than 300% during the move and Bitget noting trading volume expanded to roughly 205 million tokens, more than triple the recent average, signaling renewed bullish momentum.

@coindesk

Technically, the rally represented the first decisive breach of a descending resistance line that had produced lower highs since January, shifting short-term sentiment as traders reassessed whether the corrective phase might be ending.

Bitget highlighted that XRP climbed from about $1.37 to $1.41 during the 24-hour session, and CoinDesk noted the breakout came with active participation rather than thin liquidity.

@coindesk

On-chain activity and fund flows provided a mixed backdrop: CoinDesk reported roughly $3.9 million in outflows from U.S.-listed XRP ETFs during the session even as activity on the XRP Ledger climbed to about 2.7 million daily transactions, a rise Bitget also attributed in part to projects focused on tokenizing real-world assets.

“XRP jumps 3% as breakout above $1”

@coindesk

That divergence — ETF outflows alongside rising ledger usage — framed the breakout as technically meaningful but accompanied by uneven capital flows.

Traders were focused on whether the former resistance around $1.39–$1.40 would flip to support; CoinDesk and Bitget both flagged that holding that zone could open the path to targets near $1.44 and $1.50, while a failure to hold would risk a pullback to the $1.34–$1.37 support band.

After the break, price action briefly tested the $1.41 area and then consolidated, leaving the breakout’s durability in question.

@coindesk

Analysts and traders cautioned that the breakout could still be a short-term liquidity sweep rather than the start of a sustained reversal if buyers failed to establish the breakout zone as clean support, and both CoinDesk and Bitget emphasized monitoring volume and the $1.39–$1.40 area to judge whether the up-move continues.

“XRP jumps 3% as breakout above $1”

@coindesk

Given the mixed signals — strong volume and rising ledger activity versus ETF outflows — market participants were advised to watch follow-through and whether the support band holds.

@coindesk