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$XRP has reportedly broken through a significant barrier in the early morning of September 14, surpassing the $1.38 mark and reaching $1.387 at the time of this report.
According to renowned trading analyst Ali Martinez, the next target for the token is projected to be $1.60, indicating a potential increase of 15.27%.
IT’S HAPPENING!$XRP seems to be undergoing a breakout.
Maintaining a close above $1.38 would validate this movement and possibly set the stage for a rise towards $1.60. https://t.co/TjZOdoK9so pic.twitter.com/JIEemTeSW7
— Ali Charts (@alicharts) September 14, 2026
On Sunday, September 13, Martinez noted that following a rally in August and a partial retracement, $XRP has successfully maintained a pivotal support range between $1.31 and $1.35.
The analyst mentioned that if the cryptocurrency manages to exceed $1.38, it would signify a breakthrough of a crucial resistance point, allowing for potential growth to $1.60.
Additionally, Ali Martinez previously outlined a bullish scenario for $XRP on the morning of Monday, having already discussed it the previous Saturday.
On that day, he provided a more ambitious target for a rally in the cryptocurrency, stating $1.68 is possible. He also highlighted a significant drop in daily active addresses from 388,492 to 38,163, suggesting that trader engagement has diminished during the correction period, and profit-taking has concluded after the token’s dip from recent highs of $1.70.
Interestingly, many traders and market analysts interpreted the decline in trading activity as a positive indicator, suggesting it could imply reduced upward pressure ahead of the market’s overall improvement in late August.
Is the 2026 Cryptocurrency Bear Market Coming to an End?
Meanwhile, the recent price surge, followed by a correction and stabilization, has many investors and analysts optimistic that the 2026 bear market for digital assets may be over.
In particular, after Bitcoin ($BTC) reached a new all-time high at the end of 2025, a noticeable downward trend took hold in the market. Between January 1 and August 15, $BTC saw a drop of 28%, but its recent performance has reduced year-to-date (YTD) losses to 11.08%.
$XRP exhibited a similar trend, initially down over 46% by the middle of the previous month, but it has since seen its YTD decrease shrink to 24.64%.
Despite the recent breakout that might propel prices to $1.60, a lasting bull market is not assured. The weeks and months ahead could present considerable volatility, particularly with the uncertain outcome of the CLARITY Act and ongoing geopolitical risks that might impact the cryptocurrency landscape.
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