XRP price breaks falling channel as bulls target $1.53

XRP price traded near $1.45 on Sept. 4 after breaking above a falling 4-hour channel, but resistance between $1.50 and $1.53 remains the next test for buyers. Summary XRP price broke above a descending 4-hour channel after rebounding from support near $1.33. Daily RSI stands at 66.22, showing strong momentum without reaching the 70 overbought level. Liquidation clusters sit near $1.43 below price and between $1.48 and $1.53 above it. The Sept. 15 CLARITY Act vote and US inflation data could determine the next move. XRP price action today According to data from crypto.news, XRP (XRP) price was changing hands near $1.45 on Friday, consolidating after a sharp recovery from its early September low near $1.33. The token briefly reached approximately $1.47 during the latest advance before losing some momentum. Even so, the pullback has remained shallow compared with the size of the breakout. XRP’s 4-hour chart shows that price has moved above the upper boundary of a descending channel that had guided the market lower since its Aug. 22 rally. The channel formed after XRP spiked to a local high near $1.70 and then recorded a series of lower highs and lower lows. XRP price 4-hour chart — Se...