XRP Breakout Above Descending Resistance Line Near $1.40

XRP has broken out of its descending resistance line, according to an expert's chart. The token had been trading below this barrier for several sessions before buyers pushed it above the falling trendline near $1.40.

The breakout is a notable shift in XRP's short-term price structure, and it sets the stage for further technical analysis. Martinez's 1-hour chart shows a descending triangle with the upper trendline extending downward from the earlier high of $1.68.

A continued move higher would put $1.70 in focus, which is close to XRP's recent high. Reaching that level would take the token back toward the previous rally peak.