XRP's $60 Price Target Hinges on Closing Above $3.66 in a Month

XRP's price prediction for reaching $60 hinges on it closing above $3.66 in a month, according to an analyst. While XRP has traded above this level before, it has never done so on a monthly close basis.

The current price of XRP is around $1.42, which means it would need a 158% gain just to reach the $3.66 threshold. Getting to $60 would require an even larger increase of over 4,000%, or more than 40 times its current value.

An ascending triangle pattern on XRP's monthly chart suggests that buying pressure is building toward a potential breakout. However, neither the pattern nor the target guarantees a particular outcome, and chart formations can fail.