Crypto
XRP Price Surges: Analysts Predict $60 Breakout
XRP's price has been on the rise after being rejected at $1.70 in mid-August, and analysts are now predicting a significant surge.
Ripple's native token is up by 40% from its multi-year lows marked less than a month ago, which has turned numerous analysts highly bullish.
Ali Martinez, with over 166,000 followers, recently outlined a price target of $60 for XRP after noting that the asset has formed a massive ascending triangle on the monthly chart.
The key barrier to break through is the $3.66 resistance level; if it closes above this level, it would confirm the breakout and activate a technical target near $60.