Martinez Sees XRP Breaking Above $60 with Ascending Triangle Pattern

Crypto analyst Ali Martinez is making waves in the market with his prediction for XRP's long-term price potential. According to Martinez, XRP is forming a broad ascending triangle pattern on its monthly chart that has been ongoing for approximately 10 years.

The critical resistance point in this pattern is $3.66, which could be a significant hurdle for the asset if it reaches that level.

If XRP closes above $3.66 on a monthly basis, it would technically confirm an upward breakout from the ascending triangle, and such a scenario could activate a technical price target of approximately $60, according to Martinez's forecast.