Crypto analyst Ali Martinez has set a long-term target of $60 for XRP. It sounds like a stretch, especially with price still far below those levels. But Martinez did not base the call on daily momentum. He looked at a monthly chart pattern that has been forming for around ten years.
A Decade-Long Pattern
According to Martinez, XRP is building a broad ascending triangle on the monthly timeframe. The pattern comes from higher lows over a long period, while price keeps hitting resistance near the same zone. That repeated upper area is around $3.66. A triangle like this can suggest buyers are slowly gaining strength, but the market still has to clear that ceiling before any bigger upside move becomes realistic.
The $3.66 level has shown up as a problem before, so it is central to Martinez’s argument. In his view, XRP has not truly escaped its long-term trading range until it gets past that point and closes above it on a monthly chart. That kind of close would confirm what many long-term holders have been waiting for: an upside break from a multi-year pattern.
How the $60 Target Appears
Technical patterns often come with a way to estimate how far a breakout might move. Martinez said the ascending triangle points to a potential target around $60 once the breakout is confirmed. If XRP closes a month above $3.66, the theory is that the next leg could extend into that far higher range.
The move from around $3.66 to $60 is massive, so the projection looks extreme. But technical targets are just numbers drawn from price structure. They are not guarantees. A breakout can fail, drop back inside the range, or stall for a long time before moving anywhere. The broader market, liquidity, regulation, and outside selling pressure all play a role in whether such a target is ever reached.
What to Watch
At the moment, $3.66 is the level to watch. A monthly close above it would make the bullish scenario more interesting. Without that close, the $60 target remains mostly theoretical. Even if XRP does break out, the climb would likely take time and normally include pullbacks.
Martinez’s prediction is not an invitation to buy or sell. It is simply a technical observation pulled from a long-term chart. Anyone taking it seriously should treat it as one view among many and consider the risks. Price targets, especially ones far above current levels, are often easier to draw than to reach. The next key trigger, at least from this analysis, is still the $3.66 monthly close.
This article is for informational purposes only and does not constitute financial advice. Do your own research before making any investment decision.
