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.
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.
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.
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.
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