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Analyst Ali Charts Says XRP Breakout Targets $1.70, as US Spot XRP ETFs See Record $110.49M Weekly Inflows by Aug 28, Highest in 2026
Crypto analyst Ali Charts believes XRP has broken above a descending resistance line, targeting a revisit to $1.70. This comes as US spot XRP exchange-traded funds recorded their strongest weekly inflows of 2026, attracting $110.49 million in net inflows during the week ending August 28. This figure more than doubled the previous weekly high for 2026, though it remained below the all-time weekly record set in November 2025. Despite the breakout signal, XRP was down approximately 7% over the past week, with CoinMarketCap warning that a loss of the $1.35 support could deepen the correction.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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