Expert predicts XRP price to hit $60 after clearing this level

What happened

Cryptocurrency analyst Ali Martinez said on September 5 that XRP has been forming a large ascending triangle pattern on its monthly chart for almost ten years. He identified a critical breakout level at $3.66 and predicted the price could reach $60 if it closes above that level.

Confirmed

Global impact / market context

If XRP clears $3.66, it could signal a major price surge to $60, potentially attracting new investors. This would increase the value of XRP holdings and bring more attention to the cryptocurrency market, possibly affecting trading volumes and investor confidence.

Analyst inference

XRP's price has been capped by the $3.66 level for years, meaning the asset has struggled to rise above it. A sustained monthly close above this point would break a long-term pattern, which technical traders often view as a strong bullish signal for future price movement.

Analyst inference

What to watch

1. Watch whether XRP achieves a monthly close above $3.66, as the analyst specifically identified this as the critical level that could trigger the predicted move to $60. Confirmed
2. Investors might consider setting price alerts around $3.66 to monitor if XRP breaks through and sustains a close above this level, which could confirm the analyst's breakout prediction. Proposed
3. If XRP breaks above $3.66, subsequent price movement will reveal whether the $60 target gains traction or whether the asset faces additional resistance at intermediate price levels. Analyst inference

Affected assets

• XRP — XRP

Evidence

• finbold.com