The XRP price is drawing attention again. Crypto analyst Ali Martinez shared a chart showing a pattern that has been developing for nearly a decade. His view is simple: XRP has spent years bu
The XRP price is drawing attention again. Crypto analyst Ali Martinez shared a chart showing a pattern that has been developing for nearly a decade. His view is simple: XRP has spent years building a massive ascending triangle on the monthly chart, and a breakout from that structure could eventually point to a target near $60.
Before anyone gets too excited about that number, there is one level that matters more than anything else right now for the XRP price: $3.66.
XRP Is Approaching a Make-or-Break Level
Ali’s monthly chart puts XRP right around $1.38 right now. That’s way below the big one to watch: $3.66.
Source: X/@alichartsThat $3.66 number has been a hard ceiling for years. Every time XRP gets near it, sellers show up and push it back down. Until we see a monthly candle close above that line, we can’t say the breakout is real. It’s just a story until the chart proves it.
What makes this setup interesting is its size. This isn’t a pattern that formed over a few weeks or months. The ascending triangle has been developing for close to ten years, making it one of the largest technical structures in crypto.
In simple terms, buyers have continued pushing higher lows into a relatively fixed resistance zone. If that resistance finally gives way, technical analysts typically measure the potential move using the height of the pattern. In this case, that calculation points to an ambitious target near $60.
Read Also: Crypto Price Prediction for Today, September 5: Ethereum (ETH), XRP, Cardano (ADA)
BIS Research Gives XRP Another Institutional Talking Point
The XRP price is still closely tied to regulation and ETF demand, but a new development has added to the broader adoption story.
CoinDesk reported that the Bank for International Settlements (BIS) used the XRP Ledger as a proof-of-concept in a paper exploring how official statistics could be verified on-chain. The BIS cited XRPL’s low fees, 3-5 second settlement times, and established track record as reasons for using the network, though it made clear that no adoption decision has been made.
This won’t have an immediate impact on the XRP price, but it does show that XRPL continues to be evaluated for real-world use cases. At a time when XRP is also seeing institutional interest through ETF products, the BIS paper adds another example of the network being examined by major financial organizations.
Can the XRP Price Really Reach $60?
The short answer? It all comes down to whether the XRP price can crack $3.66. Right now, the price is still below that line, so the $60 target is more of a hopeful guess than a real destination. It’s not a sure thing until XRP actually breaks through.
For anyone trading or holding XRP, the plan is simple. Keep an eye on those support levels. As long as price holds above them, the bigger picture stays alive. But nothing really changes until the XRP price breaks past $3.66. That’s the door that needs to open before we can even think about $9.49, $15.60, or that big $60 number people keep talking about.
FAQs
Is XRP still in a consolidation phase
Yes. The XRP price remains below the critical $3.66 resistance, meaning the market is still consolidating within the larger structure.
What should XRP investors watch next
The focus remains on $3.66. It is the level that could determine whether XRP stays in consolidation or starts moving toward the higher targets outlined in Ali Martinez’s analysis.
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The post XRP Price Prediction: This 10-Year XRP Pattern Has a $60 Target appeared first on CaptainAltcoin.