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. He also warned that network activity has fallen sharply, with daily active addresses down more than 90%.

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