Analyst Ali Martinez predicts XRP could reach $60 if it clears $3.66 resistance
Crypto analyst Ali Martinez projects XRP could rally to $60 after a monthly close above the $3.66 resistance level, citing a decade-long ascending triangle pattern.
Why it matters
The significance of this story is limited. It is a single analyst's technical analysis projection shared on social media, not a market-moving event or official development. No exchange, regulator, or institutional actor has validated the prediction.
Key facts
Ali Martinez projected XRP could reach $60 if it breaks above the $3.66 resistance level
60 USDReported by Finbold
XRP has been forming an ascending triangle pattern on the monthly chart for nearly a decade
Reported by Finbold
The critical breakout level for XRP sits at $3.66
3.66 USDReported by Finbold
XRP would need to rally approximately 4,186% to reach the $60 target
4,186 %Reported by Finbold
Intermediate resistance levels were projected at $9.49, $15.60, and $31.87
Reported by Finbold
What happened
Cryptocurrency analyst Ali Martinez shared an analysis on September 5 via X, arguing that XRP has been forming a massive ascending triangle pattern on the monthly chart for nearly a decade. According to Martinez, a monthly close above $3.66 would confirm a breakout and potentially activate a long-term price target of $60. The analyst identified intermediate resistance levels at $9.49, $15.60, and $31.87 before the ultimate target. At the time of the analysis, XRP was trading around $1.40 with a market capitalization of $88.1 billion, meaning the token would need to rally approximately 4,186% to reach $60. Only Finbold reported this analysis; it represents a single analyst's projection and has not been confirmed by other outlets.
How the story developed
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Finbold Crypto media | Expert predicts XRP price to hit $60 after clearing this level | Original |
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