XRP Eyes $1.35 Target as Analysts Spot Bullish Breakout Signs

XRP is catching the eye of traders again as it shows signs of finding a floor. Crypto analyst Ali Martinez recently pointed out that the token is forming a specific pattern on the charts that often leads to a big move. If things go right, XRP could be on a path toward $1.35 in the near future.

To reach that target, XRP needs to consistently close above the $1.13 mark. Right now, the price is moving inside a triangle pattern and getting close to the point where it has to break out. A jump above the upper resistance line would signal a reversal, while a drop below support could delay the rally.

While some automated tools predict a bit more downward movement before the month ends, whales are already starting to buy back in. Large holders have been increasing their positions, which often suggests that the big players think the bottom is close. XRP is currently trading around $1.08, down significantly over the last year.

For a clear signal that the trend has turned, XRP needs to climb past its recent peak of $1.16. If it can clear that hurdle and keep the momentum from whale buyers, the road to $1.35 looks much more likely. Investors will be watching those key price levels closely over the next few days.