XRP Must Clear Decade-Long Hurdle to Reach $60

XRP has been trading around $1.42 in recent days, up 39% over the past month but down 22% since January 1 and 52% over the past year.

An analyst has pointed to a decade-long chart pattern that suggests XRP could reach $60, but this would require the cryptocurrency to close above $3.66 for a full calendar month.

This level has proven elusive for XRP, which has repeatedly tested it without ever finishing a month above it.

The pattern is an ascending triangle on XRP's monthly chart, with the $60 target derived from the measured-move approach of projecting the triangle's height above the breakout point.