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

XRP has broken out of its downtrend after months spent inside a descending channel. The price action has improved significantly, but it's already facing resistance at $1.50-$1.58.

The token escaped the $0.98-$1 support region and broke through multiple resistance zones, including the descending channel boundary and $1.10-$1.15 area. It extended toward $1.55 before showing a long upper wick toward $1.70, indicating some short-term profit-taking.

Holding above the former $1.50 region would strengthen the breakout, while failure to establish support could trigger a corrective phase.