XRP has cleared a falling trendline that capped its price through the week, and analyst Ali Martinez says the breakout is confirmed with a $1.70 target. The move comes as U.S. spot XRP ETFs post their strongest weekly inflows of 2026.
XRP is trading near $1.42 after pulling back from a recent $1.69 high, but the short-term chart is improving. Crypto analyst Ali Martinez says the XRP breakout is confirmed, pointing to a move above a descending trendline that had capped the token's price through the week.
Martinez Targets $1.70 After Trendline Break
Martinez shared a 1-hour XRP chart showing the token clearing the trendline, saying: "Breakout Confirmed! XRP has cleared resistance. Next target: $1.70." The breakout area is now an important level for XRP to hold.
The first hurdle sits around $1.50. A move through that range would strengthen the breakout and bring the $1.70 target into focus. If XRP reaches $1.70 and breaks it 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 that could send the token toward $1.20.
XRP ETF Inflows Hit 2026 Record
The technical setup comes 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.
September 15 Vote Could Shape XRP's Outlook
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 make it easier for financial firms and institutions to enter the crypto market.
Source: Coinpedia Fintech News
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