Ripple on the Move: Is XRP Ready for a Double-Digit Pump?

Ripple’s cross-border token posted a modest 3% daily gain, which was enough for analyst Ali Martinez to suggest it “appears to be breaking out” and to predict a much larger increase.

Meanwhile, institutional interest in the asset remains solid and could indeed set the stage for a further upside. Ready for a Big Jump? Less than a month ago, XRP surged to almost $1.70 but quickly lost momentum and currently trades at around $1.39 (per CoinGecko).

Still, Martinez argued that the ongoing setup may be more bullish than it seems. He said a sustained close above $1.38 would confirm a breakout and could open the door to a rally toward $1.60. It is important to note that he hasn’t been entirely positive about XRP lately.

Just a few days ago, he claimed that the asset’s pullback from the local top to around $1.35 was likely driven in part by profit-taking, with whales selling or redistributing around 90 million units in a week.