XRP Breakout Confirmed as ETF Inflows Hit 2026 Record

XRP is trading near $1.40 after a pullback from its August high of $1.66, but its short-term technical outlook has improved with analysts confirming a breakout pattern. This price action coincides with record institutional investment, as U.S. spot XRP exchange-traded funds attracted $110.49 million in net inflows for the week ending August 28, marking their strongest weekly performance of 2026. Crypto analyst Ali Martinez validated the technical shift, sharing a one-hour chart showing XRP breaking above a descending trendline that had capped its price through the week. "Breakout Confirmed! XRP has cleared resistance. Next target 1.70," Martinez stated. The breakout area around $1.40 is now considered a critical support level. A move above $1.50 would further strengthen the bullish case and bring the $1.70 target into focus. Beyond that, chart resistance levels to watch are $2.09 and $2.35. Conversely, a drop below $1.37 could push the token toward $1.20 and invalidate the breakout setup. The improving technical structure is supported by significant capital inflows into investment products. Cumulative net inflows across U.S. spot XRP ETFs have now reached approximately $1.