XRP (XRP) has been showing signs of a rebound following its recent correction, drawing market attention to the possibility of it reclaiming the $1.70 level. A breakout above a key technical resistance level, combined with capital inflows into XRP spot exchange-traded funds (ETFs), is being cited as the basis for the bullish scenario.

Rebound from $1.42... "A Technically Meaningful Breakout"

DavidTheBuilder, a crypto market analyst who shares analysis on the CoinMarketCap community, reported that XRP recently broke above its downtrend line after falling from $1.69 to around $1.42. Citing analysis from crypto analyst Ali Martinez, he explained that this movement may not be a mere intraday rebound but a technically meaningful breakout. As a result, $1.70 is being discussed as the next major price target.

However, this does not mean XRP will rise straight to $1.70. The market sees the recovery of the $1.50 level and whether the price can find stable support there as key short-term variables. Analysts suggest that if buying momentum continues above $1.50, the possibility of a retest of $1.70 could open up. If upward momentum strengthens further, $2.09 and $2.35 are also being mentioned as potential technical upside target zones.

Conversely, if the price is pushed back below the recent breakout zone, the bullish scenario could stall. DavidTheBuilder identified the $1.37 area as one of the key support zones, noting that whether this level holds could serve as a benchmark for judging the future trend.

XRP Spot ETF Records $110.49 Million Weekly Net Inflow... A Medium- to Long-Term Demand Signal

On the institutional supply and demand side, the flow of XRP spot ETFs is also a variable. Recent analysis showed that the weekly net inflow into XRP spot ETFs reached $110.49 million, the highest level recorded since the start of 2026. This can be interpreted as a signal that medium- to long-term investment demand for XRP remains intact, as capital continues to flow in through ETFs even as the price undergoes a correction.

However, since ETF inflows do not immediately translate into price increases, overall crypto market liquidity and Bitcoin's trend should also be monitored.

Key Watch Points: Recovery of $1.50 and Support at $1.37

Ultimately, XRP's short-term watch points come down to whether it can recover $1.50 and whether it can hold support at $1.37. If the price stabilizes above $1.50, the possibility of another attempt at $1.70 could increase, but if a major support line breaks, the recent breakout move may turn out to be nothing more than a short-term rebound. DavidTheBuilder also emphasized that the persistence of ETF demand and buying pressure is crucial.

Whether XRP can defend its recently formed breakout zone, and whether this movement will extend beyond a mere technical rebound into a new upward phase, are expected to be the key watch points for the market going forward.

[Note: This article is intended to provide information about the crypto market and does not recommend the purchase or sale of any specific virtual asset or guarantee investment returns. The price outlooks, support and resistance zones, and target prices mentioned in the article are scenarios based on technical analysis by market participants and may unfold differently from actual price movements. Cryptocurrencies are high-risk assets with extreme price volatility, and investors may lose part or all of their principal. Investment decisions and their consequences are the responsibility of the investor, so please fully review market conditions and relevant information before investing. This article was written with AI assistance.]