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Has the Ripple (XRP) downward trend been broken? This level is crucial!

2026-08-28 00:12:06
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XRP is one of the high-profile projects, especially in cross-border remittance and payment transactions, where it stands out for its fast and low-cost infrastructure. The relationship between Ripple and financial institutions behind it has made XRP not only regarded as a cryptocurrency, but also as part of the payment ecosystem.

One of the most important developments in XRP is Ripple's continued expansion of its work in the corporate payments space. As the integration with banks, financial institutions and payment companies continues to deepen, the scope of use of XRP is expected to further expand. In particular, the strengthening of links between traditional finance and the crypto world may bring important long-term advantages to XRP.

From a technical perspective:

XRP/USDT trading vs. 2-hour chart. After rising to $1.70, XRP fell about 20% from its high to $1.36 in the daily support area. After this area gained support and rebounded, the first resistance level XRP faced was the downtrend line it formed. Although the trend line is now about to be breached, that alone is not enough to conclude that the decline is over. After rebounding from support areas, it is crucial that XRP successfully break through the recent low of $1.45 formed by its internal structure. A break through this level would indicate that the 20% correction is over and the rally may restart.

At the same time, we will also obtain stronger confirmation of the successful rebound in the daily support area. Therefore, the downtrend line of XRP and the breakthrough of the US$1.45 level are important developments that need attention. In particular, at least 4 hours of closing above $1.45 is crucial for us to confirm that the region has been breached. If such a structure emerges, we can expect XRP's rise to continue.

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