XRP has successfully completed a backtest of its Ichimoku Cloud breakout on the 2-week chart, according to market analyst Cantonese Cat. This development follows XRP's initial breakout above the cloud in November 2024, when prices surged past the $0.6 resistance, eventually reaching a peak above $3 in July 2025. The recent backtest, completed in January 2026, saw XRP holding support above the cloud, indicating a potential bullish continuation. Throughout 2024, XRP traded below the Ichimoku Cloud, facing bearish pressure. However, a significant rally in November 2024 saw XRP break through the cloud, with prices climbing from $0.50 to over $2.9. This breakout was marked by a shift in the cloud's color from red to green, signaling a transition to a bullish market structure. Despite a period of consolidation and volatility in 2025, XRP maintained its position above the cloud, culminating in the successful backtest. The completion of this backtest suggests a strong support level for XRP, with the forward cloud remaining green, indicating ongoing bullish conditions. This technical development is seen as a positive indicator for XRP's future price action.