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Following
XRP XRP breaks through key resistance, analysts point to $1.60 target
In a post posted on Platform X (formerly Twitter), cryptocurrency analyst Ali Charts pointed out that XRP appears to be breaking through the pattern he has been tracking for days. He emphasized that if XRP can achieve a sustained closing price above $1.38, this trend will be confirmed; once this resistance level is broken, the next upside target will point to $1.60.
This technical layout is based on the analyst's previous predictions. Previously, he had clearly pointed out that the US$1.31 to US$1.35 range was a key support area. He said that as long as XRP remains within that range, he will closely monitor the process of prices moving closer to the apex of the triangle pattern and mark $1.38 as a key confirmation point.
"A decisive break in this resistance level could trigger a bullish breakout and open the door to $1.60," he wrote in the post.
Focus for traders
For chart-based traders, the triangular shape is often seen as the finishing stage before a sharp directional movement. Generally, the narrower the sorting interval, the more significant the expected final breakthrough will be.
For XRP, this means the next few trading days could be crucial. US$1.38 will become a "dividing line" that distinguishes whether the market continues to consolidate or starts a new round of gains. As of writing, XRP is still operating within its recent trading range, and traders are closely watching whether momentum is enough to test that resistance in the coming days.
More macro bull market logic
Discussion of short-term breakthroughs has intensified the long-standing debate over the XRP price ceiling. Another analyst, xrpl_Adam, believes that payment transaction volume alone cannot support the most aggressive price targets of tokens, because a currency that settles quickly can be used repeatedly throughout the day.
His argument is mainly based on collateral demand. If major institutions start parking XRPs as collateral for loans, derivatives, or cross-border settlements, as they currently use Treasuries, this will create more sticky, structural demand rather than temporary demand that relies solely on payment scenarios.
He pointed out that Ripple's court victory in 2023-ruling that XRP was not a securities-removed the main compliance barrier that prevented this scenario from emerging. Whether or not the short-term breakthroughs predicted by Charts come true, the larger institutional arguments on which long investors rely are key to supporting XRP's more extreme long-term goals.
