$XRP is currently trading around $1.42 after experiencing a retreat from its recent high of $1.69. Nonetheless, the short-term chart appears to be showing signs of improvement. According to leading crypto analyst Ali Martinez, the breakout for $XRP has been confirmed.
Simultaneously, spot $XRP ETFs recorded an impressive $110.49 million in weekly inflows, providing vital support for the $XRP price.
Ali Martinez Validates $XRP Breakout
Recent insights from crypto chart analyst Ali Martinez reveal a 1-hour chart for $XRP indicating that the token has exceeded a declining trendline.
Martinez commented,
“Breakout Confirmed! $XRP has surpassed resistance levels. Next target: $1.70.”
The chart illustrates that $XRP has exited a descending trendline that has restricted its price for the week. Currently, $XRP is around $1.40, making the breakout area a crucial level to maintain.
The initial resistance lies approximately at $1.50. Surpassing this range would reinforce the breakout and draw attention to Martinez’s target of $1.70.
Should $XRP reach $1.70 and maintain that level with strong buying activity, further targets on the chart could be around $2.09 and $2.35.
The overall setup may weaken if $XRP falls below $1.37. A significant drop under this threshold could push the token down to $1.20, putting the recent breakout at risk.
$XRP ETF Inflows Reach Record for 2026
This technical development coincides with a surge in demand for $XRP investment products.
In the week ending August 28, U.S. spot $XRP ETFs attracted a record $110.49 million, marking their strongest performance of 2026. Cumulative ETF inflows have now amassed approximately $1.66 billion, with total net assets near $1.44 billion.
Among these $XRP ETFs, Bitwise’s $XRP ETF is the largest, boasting cumulative net inflows exceeding $600 million, while Franklin’s XRPZ recorded an inflow of $462.86 million.
September 15 Marks a Critical Date for $XRP
Traders of $XRP are keeping an eye on September 15, 2026, when the U.S. Senate is slated to vote on the CLARITY Act. This legislation aims to clarify regulations surrounding digital assets in the U.S. and could significantly influence $XRP’s market prospects.
If successful, this bill could provide clearer guidelines for assets like $XRP, facilitating easier entry for financial firms and institutions into the cryptocurrency space.