XRP is approaching a breakout after holding a key support level, and analyst Ali Martinez says $1.38 is the critical level to watch.
A break above this level could set the stage for a move toward $1.60. According to CoinMarketCap, XRP is trading around $1.38, up 2.6% over the past 24 hours. However, the token remains down 1.55% over the past week, showing that the recent recovery has not fully erased its losses.
XRP Holds $1.31–$1.35 Support
Martinez first highlighted XRP’s setup after the token fell sharply over the past three weeks. XRP dropped about 20%, falling from $1.70 to $1.35. Martinez said profit-taking contributed to the decline and noted that whales sold or moved around 90 million XRP during the previous week.
Despite the selling pressure, XRP found support around $1.35. About 2.29 billion XRP had previously traded near this level, making it a significant price area.
Martinez identified the broader support zone at $1.31–$1.35. As long as XRP remains above this zone, the token is positioned to test the top of its current triangle pattern. The chart shows XRP trading inside a triangle, setting up a significant price move.
$1.38 Becomes XRP’s Key Breakout Level
The key level to watch is $1.38. Martinez said a strong move above $1.38 would confirm XRP’s breakout and put $1.60 in focus.
In a follow-up post, he sounded even more confident, writing, “IT’S HAPPENING!” However, he stressed that XRP needs to close and remain above $1.38 to confirm the breakout.
Once XRP establishes $1.38 as support, the next major target is $1.60. A move from $1.38 to $1.60 represents roughly a 16% gain. Martinez has also identified $1.68 as a longer-term target if XRP’s recovery continues.
IT’S HAPPENING!$XRP appears to be breaking out.
A sustained close above $1.38 would confirm the move and could open the door to a rally toward $1.60. https://t.co/TjZOdoK9so pic.twitter.com/JIEemTeSW7
— Ali Charts (@alicharts) September 14, 2026
XRP Network Activity Drops 90%
The potential breakout comes as XRP’s network activity has fallen sharply. Martinez reported that daily active addresses dropped 90.18%, from 388,492 to 38,163. The decline shows that network activity has fallen significantly alongside XRP’s drop from $1.70.
The combination of whale selling and weaker network activity raises concerns about the strength of XRP’s recovery. However, the token has held the $1.35 support level, keeping the bullish setup intact. For the breakout to remain valid, XRP needs to clear $1.38 and turn that level into new support.
Traders Watch the Next Move
XRP is now trading around $1.38, the exact level Martinez identified as the breakout trigger. A sustained move above $1.38 puts $1.60 in focus, followed by $1.68 if buying momentum continues. On the downside, a failure to hold $1.38 would send XRP back toward the $1.31–$1.35 support zone.
For now, XRP is up 2.6% over the past 24 hours and is testing a critical resistance level. The next strong close above $1.38 will determine whether the recent recovery develops into a larger breakout.