Ripple (XRP) Breakout Confirmed? Analyst Sets the Next Big Target

Is XRP positioning itself for a major rally? Ripple’s cross-border token has declined by nearly 7% over the past week, yet numerous analysts remain optimistic that a renewed uptrend could be on the horizon. Many believe the price could shift into an “up-only” phase from here, while others expect a substantial pullback before any major increase. ‘Breakout Confirmed’ As of press time, XRP trades at around $1.38 (per CoinGecko), boasting a market capitalization of approximately $86 billion. While the current level marks a clear drop from the local top seen earlier in August, Ali Martinez still views it as a constructive development. The popular analyst observed the asset’s price action and assumed that the breakout was confirmed after XRP supposedly “cleared resistance.” He thinks the next target is $1.70. Shortly after, Martinez touched on the token again, praising the solid institutional interest, which signals “a notable increase in demand.” Spot XRP ETFs have indeed attracted significant capital lately. Last week, for instance, the inflows exceeded $110 million for the first time since December, 2025. Moreover, the ETFs have recorded nine consecutive green days, something last obs...