XRP Ascending Triangle Breakout Targets $60

XRP's price prediction targets $60 after forming an ascending triangle on its monthly chart. The key resistance level is $3.66, a barrier that has capped the token for nearly a decade.

According to analyst Ali Martinez, a monthly close above $3.66 would confirm the breakout and activate a technical target near $60. However, this projection is conditional, as nearer levels determine whether buyers can regain control.

The latest decline in XRP's price followed a stronger-than-expected United States jobs report, which showed 162,000 new positions and unemployment holding at 4.1%. This data pressured risk assets by strengthening expectations for tighter monetary policy.