Ali Martinez flags $1.60 XRP breakout level as Bitcoin eyes $100,000

  • Ali Martinez identified $1.60 as XRP's breakout level after its rise to $1.58.
  • XRP gained 27.6% from $1.25, while whales accumulated more than $2 billion of XRP.
  • US-based spot Bitcoin ETFs accumulated over $1.60 billion of BTC in 72 hours.

Crypto analyst Ali Martinez identified $1.60 as XRP's key breakout threshold after the token climbed 27.6% from $1.25 to $1.58. He said a decisive move above that level would confirm an inverse head-and-shoulders pattern on the daily chart and could put $2 into focus, representing a further gain of about 30%. Martinez also said whales recently accumulated more than $2 billion of XRP. For Bitcoin, he pointed to renewed bullish momentum toward $100,000 after a rise of more than 50% from its July 1 low of $57,749. More than 2,722 Bitcoin transactions exceeding $1 million were recorded in the previous day, while US-based spot Bitcoin ETFs accumulated more than $1.60 billion of BTC over 72 hours. Martinez identified support near $84,569 and $77,000, with resistance around $100,670 and $104,765.

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