Crypto analyst Ali Martinez has outlined a long-term technical scenario that could send XRP to $60, but the bullish case remains incomplete until a key resistance level is cleared. The price must first close above $3.66 on the monthly chart, Martinez says. Without that confirmation, the projected target remains purely theoretical.
Martinez bases his call on a broad ascending triangle that has been forming on XRP's monthly timeframe for roughly a decade. He described $3.66 as a critical resistance level within this pattern. A monthly close above that point would technically confirm a breakout, after which the measured move — a standard technical price projection — points toward $60. He stressed that this is not a guarantee, but rather the level the pattern suggests if the breakout plays out.
The ascending triangle is often treated as a continuation signal in technical analysis. In XRP's case, the price has been respecting the pattern's boundaries for approximately ten years, making the current setup unusual. Martinez emphasized that this is a macro-level read, not a short-term trade signal. Such long-term structures can remain valid for extended periods even while shorter-term price action moves sideways or down.
XRP has touched the $3.66 area before, but has not produced a strong monthly close above it that would confirm a breakout. According to Martinez, the scenario only becomes active once that monthly close happens. Until then, the $60 forecast remains a conditional projection, not an active call.
There are also reasons for caution. Patterns can fail, markets can shift quickly, and even if XRP breaks above $3.66, the path to $60 would pass through many other zones of selling pressure. A measured move provides a price objective, not a promise. Some analysts argue that XRP's long consolidation makes major moves more likely when they finally occur, while others believe the token still carries too much baggage from past regulatory and legal battles to reach such levels. The broader crypto market is also a factor — if Bitcoin struggles or liquidity tightens, an altcoin like XRP may not get the fuel needed to push through.
For long-term holders, the $3.66 level is worth watching. A break and monthly close above it would open the door to a much larger move. But Martinez's point is mostly technical — he is reading the monthly chart and explaining what the pattern suggests, not issuing a buy call. As always, this is not investment advice.
