XRP Poised for Major Weekly Rally as Historical Pattern Suggests Breakout Ahead

XRP has been trading within a descending channel since its peak in July 2025, with buyers repeatedly defending the lower trendline and sellers capping recoveries near the upper trendline.

The token's price action shows a healthy correction, with traders taking profits and weaker holders leaving the market. However, this correction has remained controlled instead of turning into a panic-driven selloff.

Historical data suggests that XRP may be due for a major weekly rally, as it has repeatedly posted significant gains 51 to 52 weeks later. The most notable instances came in July 2023 and 2024, with gains of 59.54% and 24.05%, respectively.

If XRP breaks above $1.21, the upper trendline of its descending channel, it could move out of this pattern and open up the possibility for a broader recovery. The Clarity Act may provide the catalyst for such a rally, which could push XRP's price upward in early August.