XRP Jumps Above Key Resistance Level Amid Short Liquidations

XRP (CRYPTO: XRP) has broken above $1.38 after a buildup of short liquidations, with liquidity pockets higher serving as potential next targets.

According to crypto chart analyst Ali Martinez, XRP's breakout setup identified key support at $1.31-$1.35 and the breakout level at $1.38.

XRP has since cleared that resistance, gaining 4% over the past 24 hours, with short liquidations increasing to $2.79 million over the same period.

Martinez now predicts a 'sustained close above $1.38 would confirm the move and could open the door to a rally toward $1.60.'