XRP Price to $60? Here’s What This Top Analyst Believes
Key Insights
- XRP price traded near $1.40 on Sept. 5 after recent selling pressure.
- Ali Charts said a monthly close above $3.66 could target $60.
- XRP exchange-traded funds continued attracting institutional capital, according to SoSoValue.
XRP price remained near $1.40 on Sept. 5 after recent market weakness. However, analyst Ali Martinez outlined a long-term technical path toward $60.
Martinez said XRP had formed an ascending triangle across its monthly chart. He identified $3.66 as the main resistance level blocking a larger breakout.
A monthly close above that level could confirm the pattern, Martinez said. His technical projection placed the potential upside target near $60.
TradingView data showed XRP trading around $1.40 at publication time. The token remained about 62% below the analyst’s $3.66 breakout level.
XRP Price Prediction Points to $60 After $3.66 Breakout
Martinez based his XRP price prediction on a multi-year ascending triangle structure. Such patterns track higher lows beneath a relatively fixed resistance level.
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