XRP Price Breaks Downtrend, Eyes $1.50 Threshold

XRP price has broken out of its downtrend, trading at $1.4895 with a 5.62% increase from the previous close. This move is part of a broader market trend, as Bitcoin also broke through $84,000 around the same time.

The chart shows that XRP's recent rally was capped by a descending trendline since August 2026. However, today's candle closed above this line with conviction, indicating a potential shift in momentum.

Analysts point out that two key thresholds need to be cleared before XRP can reach $2: $1.50 and $1.80. The chart shows that price is currently sitting just below $1.50, and a sustained move above this level could pave the way for further gains.

A potential roadblock for XRP's rally is supply, with Ripple unlocking 1 billion XRP from escrow each month. This can lead to structural selling, which may be exacerbated by modest demand from ETFs holding around 977.92 million XRP worth $1.064 billion.