XRP Price Could Be Hours Away From a Bigger Move, Analyst Says

XRP is recovering alongside the broader crypto market, and analyst Ali Martinez believes several signals are starting to line up for a potentially larger move. Bitcoin has recovered above $80,000, Ethereum is back around $2,400, and XRP traded near $1.31 as risk appetite returned to crypto. XRP was up roughly 4.7% over 24 hours during Thursday’s rebound. Martinez now points to three developments behind his bullish XRP setup: a large exchange outflow, accumulation by major holders, and a potential inverse head-and-shoulders pattern. But the chart still has one important hurdle. XRP needs to break $1.60.