XRP Could Hit $60 After Long Term Breakout

XRP is stuck in a tight trading range that has frustrated investors for weeks. While the broader market shows bullish signs, the price remains pinned between $1.39 and $1.43. Recent activity includes a large 1 billion token escrow unlock, which has added pressure to the current supply and kept the price from making a significant move.

Analyst Ali Martinez recently highlighted a massive pattern on the monthly chart that has been building for nearly a decade. He identifies an ascending triangle with a major resistance ceiling at $3.66. According to this theory, a monthly candle close above that $3.66 mark would signal a breakout. If confirmed, the technical target for XRP could reach as high as $60 over the long term.

Reaching that target would require a massive shift in market cap, and it is a goal measured in years rather than days. For now, the focus remains on shorter term support levels. If the price drops below $1.35, the current bullish setup could be invalidated. Traders are watching to see if XRP can reclaim $1.48 to build a base for a potential push toward that critical $3.66 resistance point.

Whether or not this long term prediction plays out, the market is currently waiting for a fresh catalyst. Investors should watch the monthly chart closely, as a simple wick above resistance is not enough. Only a confirmed monthly close will validate the bullish case for a major trend reversal.