XRP Analyst Sees Breakout Potential Amid Decline

XRP's recent decline has not deterred top analyst Ali Martinez from predicting a major breakout for the asset. Despite XRP falling 2.83% to $1.41 in the past 24 hours, Martinez believes that it could be preparing for a significant price increase towards $60.

The sell-off also led to $14.51 million in XRP liquidations, with long traders taking most of the losses. However, for a breakout to occur, XRP must first break through its current resistance level.