XRP Breakout to $1.60 Hinges on Key Resistance at $1.38

Crypto analyst Ali Martinez has identified a breakout level for XRP at $1.38, which could trigger a move to $1.60 if confirmed.

The token is currently consolidating around $1.35, with recent derivatives data showing some support for the bullish case.

A previous cost-basis analysis by Martinez showed that over 4.8 billion XRP were acquired between $1.31 and $1.38, making this range a potentially important demand zone.

However, if XRP falls decisively below $1.31, holders who bought within the range would go underwater, potentially turning what currently looks like support into overhead resistance during a recovery.