Martinez Flags Key Breakout Levels for XRP and Bitcoin

Crypto analyst Ali Martinez pointed to critical technical thresholds after the latest surge in both XRP and Bitcoin. XRP climbed 27.6 % to $1.58, potentially completing the right shoulder of a large inverted head-and-shoulders pattern on the daily chart.

A decisive move above $1.60 would validate the formation and could add another 30 %, pushing the token toward $2. Large holders have already accumulated more than $2 billion worth of XRP.

Bitcoin’s uptrend remains intact, with the coin rising over 50 % from its July 1 low of $57,749. Spot Bitcoin ETFs absorbed more than $1.6 billion in the past 72 hours, while the network saw over 2,722 transactions exceeding $1 million in a single day.

Key support zones sit at $84,569 and $77,000, while resistance clusters appear near $104,765 and the $100,670 MVRV band.

Based on information from https://cryptonews.net