Summary
- Ali Martinez said XRP could rise as high as $60 if it completes a long-term ascending triangle pattern.
- He said $3.66 is serving as the key resistance level on XRP's monthly chart, and that a monthly close above that level could put its technical target at $60.
- As of 7:24 p.m., XRP was trading at $1.40, down 2.71% from a day earlier, and would need to rise about 43-fold to reach $60.
XRP could rise as high as $60 if it completes a long-term ascending triangle pattern, digital-asset analyst Ali Martinez said.
Martinez wrote on X on September 5 that XRP has been forming a massive ascending triangle on the monthly chart for about a decade, with $3.66 serving as the key resistance level.
A monthly close above $3.66 could put XRP's technical price target at $60, he added.
As of 7:24 p.m., XRP was trading at $1.40, down 2.71% from a day earlier. It would need to rise about 43-fold to reach $60.
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