XRP Rebounds to $1.37 as Bitwise ETF Tops $500M

XRP has retreated from its August peak near $1.70 and is currently trading at around $1.37, leaving traders divided over whether its recent breakout remains intact.

According to crypto.news data, XRP fell approximately 0.6% over the past 24 hours and 8.2% during the preceding seven days.

Despite this decline, XRP has remained up 25.9% over the past 30 days following its recovery from the $1 area.

Analyst Ali Martinez said that XRP had 'cleared resistance' and described the breakout as confirmed, placing the next target at $1.70.