XRP Breaks Out of $1.38 Resistance, Eyes $1.60 Rally

XRP has broken out of a critical resistance level at $1.38, according to popular trading expert and on-chain analyst Ali Martinez. This breakout has set off expectations for a rally towards $1.60, representing a 15.27% upsurge from the current price.

The token's recent price action shows that it has managed to hold onto a key support zone between $1.31 and $1.35, despite a partial pullback in August. If XRP can maintain its momentum above $1.38, Martinez believes it could reach as high as $1.60.

However, there are still concerns about the uncertainty surrounding the CLARITY Act and geopolitical risks that could weigh heavily on the cryptocurrency market in the coming weeks and months.