XRP traded near $1.59 at the time of writing, up about 6% over 24 hours, according to CoinMarketCap data.

The token’s recent breakout is now facing its first pullback. XRP moved above the upper boundary of the descending channel that contained its decline in late August and early September before reaching a recent high near $1.70. An earlier Coindoo analysis examined the move above the downtrend channels and raised the key question that follows such a breakout: whether the former ceiling can begin to act as support.

Two price areas are central to that assessment. The immediate level is $1.53, while the more consequential support zone is between $1.40 and $1.43.

$1.40-$1.43 forms the deeper support area

The Fibonacci tool is based on the visible daily swing from roughly $1 to $1.70. If XRP closes below $1.53, attention would shift to a cluster around $1.40-$1.43, which includes several technical references:

• The deeper retest zone is around $1.40-$1.43.
• The 38.2% Fibonacci retracement is near $1.43.
• The rising diagonal support, represented by the blue trendline, reaches the same area.
• The former channel ceiling that XRP broke above also passes through this range.

These references define a zone rather than an exact price that must hold to the cent. A brief wick into the area followed by a recovery would present a different technical picture from successive daily closes below it. Persistent trading beneath the cluster would weaken the case that the earlier channel break is holding.

$1.70 is the next resistance test

If XRP continues to close above $1.53, the recent high near $1.70 becomes the next resistance level on the chart. A return to that area would test whether buyers can extend the move after the market absorbs the initial pullback.

The daily relative strength index is near 60 after cooling from an earlier spike. That remains consistent with positive momentum, although the indicator does not determine whether support will hold. Price action around $1.53 and, if necessary, the $1.40-$1.43 zone provides the more direct signal.

Whale activity and ETF flows do not resolve the chart setup

Ali Martinez said on X that his reading of on-chain data showed large holders adding more than 470 million XRP over five days. He also said an inverse head-and-shoulders pattern remained in development on the daily chart.

XRP WHALES KEEP BUYING In just five days, whales accumulated more than 470 million $XRP , worth around $724 million. Meanwhile, an inverse head-and-shoulders continues to form on the daily chart. The bullish breakout could be getting closer. pic.twitter.com/X3xMv7zOQF — Ali Charts (@alicharts) September 25, 2026

The post is available at https://x.com/alicharts/status/2103416762591031686.

The reported wallet balances indicate accumulation, but they do not reveal the buyers’ motives or confirm that the chart pattern will complete.

SoSoValue reported three consecutive days of net inflows into U.S. spot XRP ETFs through September 24, including $14.89 million on the latest day. The figures show recent demand, but the chart still needs to demonstrate whether that interest is sufficient to defend support.

What the next daily close could change

• A close above $1.53: The immediate retest holds, keeping the $1.70 high in view.
• A close below $1.53: XRP enters a deeper pullback, placing the $1.40-$1.43 cluster under closer scrutiny.
• Continued trading below $1.40-$1.43: The overlapping support references fail, weakening the channel-break structure.

For now, the distinction between a routine retracement and a failed breakout depends on how XRP behaves around these two areas. The daily close should provide the clearest evidence.

This article is provided for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and technical levels can change quickly.

Source: Coindoo.