[DigitalToday reporter Yoonseo Lee (이윤서)] XRP broke above the $1.56 resistance level and rose to around $1.58, entering a technical turning point.

On Sept. 22 (local time), blockchain outlet The Crypto Basic reported that XRP rose 27.6 percent on an uptrend that began at about $1.25, reaching the neckline area of a large inverse head-and-shoulders pattern on the daily chart.

In a previous analysis, XRP was attempting for the fifth time in 2026 to break the $1.56 resistance line near $1.54. The four earlier attempts all failed to sustain an uptrend above that price zone. In the latest chart, XRP has climbed intraday to about $1.58, above $1.56.

The key on the chart is $1.60. This price zone is presented as the next resistance area on the new chart and almost overlaps with the neckline of the inverse head-and-shoulders pattern. XRP is now at the intersection of the repeatedly tested $1.56 resistance line, around $1.60 where the neckline sits, and near $1.60 where a past concentration of supply overlaps.

The pattern structure is also relatively clear. The chart presents April to May as the left shoulder, the August low near $1.00 as the head, and the September pullback zone as the right shoulder. The starting point of the right shoulder was set at $1.25, and the rise from there to $1.58 is about 26.4 percent.

The next step the market is watching is whether the breakout is confirmed. The technical target shown alongside the chart is $2.00. That means $2.00 is presented as the measured target if XRP settles above the neckline and confirms a breakout. From $1.58, there is room for an additional rise of about 26.6 percent to $2, and if $1.60 is used as the breakout 기준, the rise is 25 percent.

But the chart does not present $2 as an immediate price move. The expected path on the chart is to first pass $1.60, then consolidate in the $1.60 to $1.65 range, then expand to the $1.85 to $1.90 zone, and then reach $2. This path is a technical scenario, not an actually completed price move.

Therefore, in the short term it has become more important whether buying interest holds near $1.60 than the break above $1.56 itself. XRP has moved above a resistance line that blocked it several times this year on an intraday basis, but completion of the large pattern depends on a neckline break and whether prices hold thereafter. Against that backdrop, the $1.60 zone has emerged as a key area, serving as short-term resistance and a gauge of the medium-term upside target.