XRP Breaks Out of Downtrend, Faces Resistance at $1.50-$1.58

XRP has broken out of its months-long downtrend and is now facing significant resistance at around $1.50-$1.58.

The token's price surged from a support region around $0.98-$1, passing through multiple resistance zones, including the descending channel boundary and the $1.10-$1.15 area.

However, the price has already extended too far, with sellers responding at higher prices, leading to a long upper wick toward roughly $1.70.

The broader structural change is significant, but holding above the former $1.50 region would strengthen the breakout and potentially put the major $1.82-$1.94 resistance zone into focus.