Crypto analyst Ali Martinez has laid out a long-term technical view that puts XRP at $60, but only under one specific condition. The price must first clear $3.66 and close above it on the monthly chart. Until that happens, he says, the bullish case remains incomplete.
Martinez bases his call on a broad ascending triangle that has been forming on the monthly timeframe for around 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. From there, the measured move or technical price projection points toward $60. That is not a guarantee, but it is the level the pattern suggests if the breakout plays out.
Long-Term Chart Structure
The ascending triangle pattern is often treated as a continuation signal in technical analysis. In XRP’s case, the structure has taken years to develop. Martinez noted that the price has been respecting the pattern’s boundaries for roughly ten years, which makes the current setup unusual. Many traders look at lower time frames for entries. But this is a macro-level read. That type of analysis can stay valid for long stretches, even while shorter-term price action moves sideways or down.
The most important part of the forecast is the $3.66 threshold. XRP has touched this area before, but it has not produced a strong monthly close above it in a way that would confirm the breakout. According to Martinez, the scenario only becomes active if that monthly close happens. Without that confirmation, the $60 target remains theoretical.
What Could Keep XRP Down
There are reasons to be cautious. Patterns fail. The market can shift quickly, and a monthly close above a resistance level can take months to play out. Even if XRP breaks above $3.66, the path to $60 would pass through many other zones of selling pressure. A measured move gives traders a price objective, not a promise.
Some analysts argue that XRP’s long consolidation makes major moves more likely when they finally happen. Others think the token still carries too much baggage from past regulatory and legal battles to reach those levels. Both views have some merit. 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.
Martinez’s point is mostly technical. He is reading the monthly chart and explaining what the pattern suggests. 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 it is still early. The $60 prediction is not a call to buy. It is a scenario that depends on several things going right, including a clean breakout and sustained momentum.
As always, this is not investment advice. Do your own research before making any trading decision.
