Prominent crypto analyst Ali Martinez has outlined a long-term technical scenario in which XRP could eventually climb to $60, but only after clearing a decisive resistance level. According to Martinez, XRP has been forming a broad ascending triangle on the monthly chart for roughly a decade, with $3.66 acting as the critical horizontal resistance.
Martinez emphasized that the bullish setup would only be confirmed by a monthly close above $3.66. Such a breakout, he said, could activate a technical target near $60 derived from the measured move of the ascending triangle formation. He also cautioned that the target is a technical projection and does not guarantee that XRP will reach that level.
At the time of reporting on Sept. 5, XRP was trading near $1.40, leaving the token about 62% below the $3.66 breakout threshold. The token had previously recovered from levels near $1.00 to around $1.70 before consolidating near $1.40. Another analyst, CW, noted that recent declines had reduced leveraged positioning, with XRP long liquidations increasing while short exposure declined. That process may reduce crowded derivatives positions, though it does not confirm sustained spot demand or a long-term breakout.
Institutional interest in XRP investment products has continued. Data tracked by SoSoValue showed continued exposure across U.S. spot XRP exchange-traded funds, with the Bitwise XRP ETF daily net flows at $0 on Sept. 4 while trading near the $1.40 region. ETF demand could support market liquidity over time, but it does not by itself confirm the $60 technical projection.
Separately, the Bank for International Settlements published a working paper on Sept. 2 describing a proof-of-concept test that used the XRP Ledger to store cryptographic fingerprints of official statistical datasets. The design preserved confidentiality while allowing public verification of data origin and alterations. The study represented research only and did not indicate central bank adoption or directly affect XRP demand.
This technical outlook is not investment advice.
