XRP Jumps 4% to $1.40: What Is Going On?

XRP (CRYPTO: XRP) on Monday broke above $1.38 after a buildup of short liquidations, with liquidity pockets higher serving as potential next targets.

Does XRP Lack Buying Strength?

On Sept. 13, crypto chart analyst Ali Martinez highlighted XRP’s breakout setup, identifying $1.31-$1.35 as key support and $1.38 as the breakout level.

XRP has since cleared that resistance, gaining 4% over the past 24 hours. Coinglass data shows short liquidations over the past 24 hours increasing to $2.79 million/

Martinez now predicts a “sustained close above $1.38 would confirm the move and could open the door to a rally toward $1.60”