$XRP Surpasses Expected Level, Breaks Above Resistance

Crypto analyst Ali Martinez believes that $XRP has surpassed its expected level and is now targeting a new resistance zone. According to Martinez's analysis, $XRP broke through a critical support zone and rose by approximately 71.8% from $0.988 to $1.698. The price then corrected by about 20%, retreating to a key demand zone where investors were actively trading. On-chain data shows that around 3.2 billion $XRP changed hands in the $1.35-$1.38 range, which is an important support level for the asset. Martinez pointed out that if this support level holds, $XRP could break above several resistance levels, including $1.60 and $1.68. A strong break above these levels could pave the way for a new upward move towards $2.19, where approximately 3.12 billion $XRP changed hands previously.

Martinez believes that breaking through the $1.86 level would be particularly significant for the price, and that a strong breakout above this region could lead to a new upward move. The analyst indicated that $1.70 is the next target in the current technical outlook. At the time of writing, $XRP was trading at around $1.41, having gained approximately 1.37% in value over the last 24 hours.