Crypto analyst Ali Martinez says XRP could target $1.70 in the short term after testing a critical support zone and breaking through resistance.
According to Martinez’s analysis, XRP rallied approximately 71.8%, climbing from $0.988 to $1.698. The cryptocurrency then entered a correction of roughly 20%, falling back toward a key demand zone where trading activity was concentrated.
XRP support zone at $1.35-$1.38
Martinez highlighted on-chain cost distribution data similar to URPD (UTXO Realized Price Distribution). The data shows that approximately 3.2 billion XRP changed hands between $1.35 and $1.38, making this range one of the most important support zones for XRP, according to the analyst.
If this support holds, Martinez identified the following resistance levels for XRP’s potential upward move:
- $1.60: Approximately 1.99 billion XRP traded.
- $1.68: Approximately 1.98 billion XRP traded.
- $1.86: Approximately 3.47 billion XRP traded.
Could XRP reach $2.19?
Martinez believes a break above $1.86 could be particularly significant for XRP. A strong move through that level could open the way for a further rally toward $2.19, according to the analyst. Approximately 3.12 billion XRP previously changed hands around the $2.19 level.
In a subsequent post, Martinez said XRP had broken through short-term resistance, adding that “the breakout has been confirmed.” He identified $1.70 as the next target in the current technical outlook.
XRP was trading at approximately $1.41 at the time of writing, up about 1.37% over the previous 24 hours.
This is not investment advice.
