Ripple's XRP Price Breakout Predicted to Hit $60

XRP is currently trading within a range that has frustrated bulls for weeks, despite the overall market being in a bullish prediction environment. Analyst Ali Martinez points to a decade-old ascending triangle on the monthly chart with its upper boundary at $3.66.

For nearly a decade, XRP has been forming this massive ascending triangle, and a monthly close above $3.66 would confirm the breakout and unlock a technical target near $60, according to Martinez's analysis.

The current market has spent the last 48 hours oscillating between $1.39 and $1.43, which is the backdrop against which any $60 conversation must be judged. XRP recently absorbed a 1 billion token escrow unlock worth roughly $1.38 billion.