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XRP nears breakout, aiming for $1.62 after holding $1.53 resistance, says analyst.

Analyst Insights
05 Oct 2026
Finbold
View Source
Bullish
XRP nears breakout, aiming for $1.62 after holding $1.53 resistance, says analyst.

XRP has been facing resistance around $1.53 for seven weeks but is forming a descending triangle pattern on the 4-hour chart, signaling a potential breakout. Analyst Ali Martinez expects XRP to rally to $1.62 if it breaks above the triangle's hypotenuse and consistently closes above $1.53. The bullish momentum is supported by a 12% gain over six months and a 31% rise in the last three months, driven by renewed institutional demand. However, a drop below $1.4699 could delay this uptrend.

XRP is currently trading at Rp27.167 on Pluang, showing a 1.38% increase in the last day. As of Oct 05, 2026 18:25 WIB, the market cap stands at Rp1.714,31 trillion with strong buying interest at 80% of order activity.

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