XRP Performs 3rd Biggest Price Breakout in 2026 Yet

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP breaks free XRP's support defended Advertisement After emerging from a multi-week consolidation pattern, XRP just made one of its best technical moves of the year , posting one of the biggest bullish breakouts of 2026. The asset eventually broke through declining resistance, giving bulls their first significant win in months, after spending the majority of July trapped inside a narrowing triangle formation. XRP breaks free As of this writing, XRP is trading at about $1.13 following a nearly two percent increase in just one session. The technical structure behind the percentage gain is what gives it significance, even though the gain itself might not seem particularly noteworthy. A protracted run of lower highs that had dominated XRP's price action since the start of June has been ended by the breakout. XRP was compressed for weeks between a declining resistance trendline and a rising support line. XRP/USDT Chart by TradingView Large volatility expansions are usually preceded by such formations, and the market has finally decided on a course. Buyers were successful in pushing the price above both the trendline and the nearby 50-day moving average, creating new market momentum. Additionally, volume has increased throughout the breakout attempt, giving the move more legitimacy. HOT Stories Ripple Veteran on Selling XRP: 'I Wish I Hadn't' Analyzing Shiba Inu's (SHIB) Unexpected Price Uptick, Ethereum's (ETH) Biggest Test For $2,000 Yet, Bitcoin (BTC) Has Room For $68,000 Run This advance is bolstered by increased trading and investor participation, in contrast to earlier recovery rallies that swiftly faded beneath resistance. On the chart, the next challenge is already apparent. The 100-day moving average, which has historically served as a significant barrier during recovery phases, is approaching XRP at $1.12–$1.13. Advertisement You Might Also Like Mon, 07/20/2026 - 06:38 XRP Ledger to Vote on Major Upgrade By Alex Dovbnya The bullish case would be greatly strengthened by a decisive move above that level, which would also reveal the next resistance area around $1.24, where the 200-day moving average is currently located. Additionally, momentum indicators are starting to improve. For the first time in weeks, the RSI has risen above 55, indicating growing buying pressure without entering overbought territory. XRP's support defended In the event that the breakout continues to draw in capital, this allows for further upside. Most significantly, XRP has finally broken free from the pattern of constant rejection that dominated a large portion of the first half of summer. Instead of just defending support, buyers are starting to challenge important resistance levels, and the market is no longer making lower lows. Advertisement Although the breakout significantly alters the technical environment, it does not ensure an immediate rally toward higher targets. With $1.24 emerging as the next key target for bulls, the current move could turn into the strongest recovery attempt the asset has seen since the start of 2026 if XRP can hold above the previous resistance line and maintain support near $1.10. #XRP #XRP Price Analysis