XRP breaks out from year-long downtrend, targets $3.65 high

XRP has emerged from an extended period of downward pressure, according to recent analysis by Bitcoin Boy, a cryptocurrency analyst active on X. After more than a year trapped within a descending channel, the digital asset moved beyond a key technical barrier, offering renewed optimism for its price trajectory. XRP, the digital token developed by Ripple , reached its all-time high of $3.65 in July 2025. Following this peak, the asset entered a prolonged consolidation phase, moving within a clearly defined descending channel until late 2026. The lower boundary of this pattern neared $0.90 before XRP experienced a sharp upward breakout that propelled it into its current price range. With the channel breached, XRP now trades just above $1.39, holding close to a significant support level at $1.26.

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