XRP Breakout Hinges on Holding Above Key Level

XRP is showing signs of a breakout, according to analyst Ali Charts. If the token can hold above $1.38, it could confirm its move higher and set the stage for a rally toward $1.60.

A sustained close above $1.38 would be seen as confirmation of the breakout, making this level crucial for the near-term XRP setup. At the time of the market data, XRP was trading around $1.39, up 4.07% over the past 24 hours.

However, not all analysts agree on an immediate move higher. More Crypto Online presented an Elliott Wave analysis suggesting that XRP could still have one more downward leg before a stronger bullish rally begins.