XRP Triangle Pattern Sets $1.38 as Key Resistance for $1.60 Target

XRP is currently trading within a triangle pattern between $1.31 support and $1.38 resistance. Analyst Ali Martinez suggests that a sustained close above $1.38 is required to confirm a bullish breakout toward $1.60. Data indicates that over 4.8 billion XRP were acquired in the $1.31-$1.38 range, establishing it as a significant demand zone, while approximately 1.99 billion XRP were purchased near $1.60, marking it as a potential major resistance level. Meanwhile, XRP futures open interest has declined by roughly 16% since mid-August despite the recent price rally.