XRP consolidates around $1.35, with analysts eyeing a breakout above $1.38 to trigger a rally toward $1.60, provided the token maintains support above $1.31.
Analyst identifies $1.38 as key breakout level for XRP, with potential rally to $1.60 if confirmed.
XRP is consolidating near the $1.35 level as analysts identify $1.38 as the critical threshold for a bullish breakout. While institutional interest on the CME grows and futures leverage remains controlled, the token faces significant resistance from long-term moving averages that could cap near-term gains.
A drop below $1.31 would invalidate the current bullish structure and likely turn the previous support zone into overhead resistance, potentially leading to further downside.