XRP jumps 3% as breakout above $src.39 ends early-2026 downtrend Volume surged more than 300% during the move, per CoinDesk analytics data, with traders watching whether the token can hold the former resistance as support. Mar src3, 2026, 4:47 a.m.
What to know: XRP broke above a months-long descending trendline and the $src.39 resistance zone, with a surge in trading volume signaling renewed bullish momentum. The move came despite about $3.9 million in outflows from U.S.-listed XRP ETFs, while activity on the XRP Ledger climbed to roughly 2.7 million daily transactions, aided by real-world-asset tokenization projects. Traders are watching whether XRP can hold the $src.39–$src.40 area as new support, which could pave the way toward $src.44 and $src.50, while a breakdown may send prices back toward the $src.34–$src.37 support band. XRP pushed higher after breaking a months-long descending trendline, with a surge in trading volume confirming renewed momentum above the $src.39 resistance zone.
News Background XRP has struggled to sustain rallies through early 2026 as sellers repeatedly defended a descending resistance line formed by lower highs since January. The latest move marks the first decisive break above that structure, shifting short-term sentiment as traders reassess whether the corrective phase may be ending. Fund flows offered a mixed backdrop. U.S.-listed XRP ETFs recorded roughly $3.9 million in outflows during the session, extending a short streak of redemptions even as technical momentum improved. Meanwhile, activity on the XRP Ledger continued to rise. Daily transactions recently climbed to around 2.7 million, among the highest levels in recent months, partly driven by projects focused on tokenizing real-world assets. Price Action Summary XRP climbed from about $src.37 to $src.4src during the 24-hour session Price cleared the $src.39 resistance zone that capped rallies earlier this year Trading volume surged to roughly 205 million tokens, more than triple the recent average The token traded within a roughly $0.057 intraday range during the breakout Technical Analysis The key technical development was XRP’s break above the descending trendline that had defined its downtrend since early 2026. The move came with a sharp expansion in trading volume, suggesting the breakout reflected active participation rather than thin liquidity. After the breakout, price briefly tested the $src.4src area before consolidating slightly lower. On shorter timeframes, XRP held above the $src.40 zone, forming a sequence of higher lows that indicates buyers are attempting to establish the former resistance area as support. If this structure holds, it would confirm a shift from the previous pattern of lower highs that dominated the past several months. What traders say is next? Traders are now watching whether XRP can hold above the $src.39–$src.40 area. Maintaining that level would confirm the trendline breakout and could open the door for a move toward the next resistance zones around $src.44 and $src.50. A failure to hold above the breakout level, however, could pull XRP back toward the $src.34–$src.37 support band and signal the move was a short-term liquidity sweep rather than the start of a sustained trend reversal. More For You
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