XRP Price Breaks Out Above $1.38 as Accumulation Signals Intensify

The XRP price is showing signs of a breakout, according to analysts. Ali Charts believes that if the token can sustain its move above $1.38, it could open the door to a rally toward $1.60.

A sustained close above $1.38 would confirm the breakout, and analysts see this as an important signal for XRP's near-term setup. The current trading range has traders watching closely, with some seeing repeated accumulation signals after the recent correction.

One analyst suggests that XRP could still have one more downward leg before a stronger bullish rally begins. This view places the potential Wave 2 completion around the $1.10 to $1.38 support area, before a possible Wave 3 move toward $1.93 to $2.25.