Crypto analyst Ali Martinez believes XRP could see a rally towards $1.60 if it decisively breaks above the $1.38 resistance level. Martinez notes that XRP is currently consolidating around $1.35, with $1.31-$1.35 serving as a critical support zone. Recent derivatives data show declining overall futures leverage and increased institutional exposure on CME, potentially supporting a bullish case. However, XRP remains below major long-term moving averages, and a fall below $1.31 could invalidate the near-term bullish structure.