Ripple Analyst Predicts $60 Price Target Based on Decade-Long Chart Pattern

XRP is trading at $1.39, down -1.5% over the past 24 hours and well below the psychological $1.40 pivot that's dictated short-term sentiment for weeks.

One analyst, Ali Martinez, has made an XRP price prediction of $60, which is a decade-long setup depending on who's charting it.

Martinez pointed to a monthly ascending triangle he says has been forming on XRP's chart for nearly ten years, with resistance capped at approximately $3.66.

A monthly close above this level would confirm the breakout and activate a technical target near $60, according to Martinez.