Analyst Eyes XRP, QNT, INJ Breakout Potential

Crypto market analyst Ali Martinez has highlighted XRP, Quant (QNT), and Injective (INJ) as three altcoins showing potential for a breakout in the near term. These observations come as the broader cryptocurrency market experienced some volatility after initial upward attempts were met with resistance.

For XRP, Martinez points to a potential break above a descending resistance line on its four-hour chart, with a target of $1.62 if it can maintain support at $1.50. Despite a recent dip below this level, some analysts suggest the underlying bullish trend for XRP remains intact, especially if it reclaims key price points.

Quant's QNT, which saw a substantial surge following news of banking adoption, is being watched for a potential confirmation of a breakout above $262. A successful hold at this level could pave the way for further price increases, with ambitious targets previously suggested by the analyst.

Injective (INJ) is also under the spotlight, with Martinez noting its formation of a cup-and-handle pattern. If INJ can defend its neckline support around $7.33, the technical pattern suggests a potential upward movement towards $13.40. The token has shown resilience and upward momentum in recent months.