Crypto
XRP Breaks Above $3.66, Analyst Sees $60 Price Target
A technical analysis of XRP by analyst Ali Martinez suggests that a monthly close above $3.66 could lead to a price target of around $60.
The analyst points out that XRP has formed an ascending triangle on its monthly chart, with the current resistance level at $3.66. A breakout above this level would confirm the pattern and potentially propel XRP towards the $60 mark.
Martinez based his prediction on a multi-year structure of higher lows beneath a relatively fixed resistance level. However, he notes that a technical target does not represent a guaranteed price outcome, and XRP remains far below the breakout level at $3.66.