XRP Weekly Chart Puts $1.19 Breakout Level Back in Focus

XRP is approaching a former weekly-channel breakout line near $1.1917, below the $1.3870 level where it cleared resistance in August; a test of that line could show whether the breakout holds. The token was down nearly 14.5% over the past week and was testing the $1.30 area. Selling intensified after U.S. consumer price data came in hotter than expected this week. The descending channel took shape after XRP reached an all-time high of $3.66 in July 2025. Later rebounds formed lower peaks, with the upper trendline turning XRP back near $3.05 in October 2025 and $2.41 in January 2026. XRP crossed above that line at $1.3870 during an August 2026 rally and rose to $1.70 before turning lower. In September, the correction brought it to $1.25, near the channel line.

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