XRP broke through a descending trend line that had capped price action for nearly twelve months, marking the first structural crack in a bearish formation that began in July 2025 when the token traded above $3.50. The asset climbed 2.7% to $1.10 on Wednesday but remains trapped near its lowest levels since November 2024.
The trend line break carries weight after rejecting rallies in October 2025, January, May, and June 2026, potentially forcing repositioning of accumulated orders. However, traders face an immediate test at the $1.12 to $1.18 resistance zone left by February 2026 lows. A daily close above $1.18 would clear this shelf and target the 50-day EMA near $1.26, while failure keeps the token inside its long-standing bear structure. The monthly chart remains negative after closing below the 50-month EMA for the first time in three years.
FXnCO Insight
Watch $1.18 as the critical confirmation level—the trend line break means little without horizontal follow-through above February’s supply zone.
Source: Finance Magnates