XRP Breaks Year-Long Falling Channel, Faces Ichimoku Cloud Resistance

XRP has broken out of its year-long falling channel on its weekly chart. This breakout indicates that XRP's mid-term chart structure is improving, but it still needs to clear key resistance from the Ichimoku Cloud before the long-term trend can turn bullish.

The cryptocurrency currently trades at $1.5138 and sits between several important technical levels. It has moved above two key Ichimoku lines that now provide support, but remains below the weekly Ichimoku Cloud.

The Ichimoku Kinko Hyo indicator uses five components to assess momentum, trend direction, support, and resistance. On XRP's weekly chart, the Tenkan-sen (or Conversion Line) and the Kijun-sen (or Base Line) both sit at $1.3426, showing that short-term momentum and the medium-term trend are currently balanced.

XRP has moved above both lines and has treated them as support since the August 2026 rally, which represents a change from the falling structure that controlled much of the year.