Hot Paths

$60 Target vs Near-Term Reality

Author

Ahmed Barakat

Author

Ahmed Barakat

Part of the Team Since

Mar 2024

About Author

Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.


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CryptoNews Editorial Team

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CryptoNews Editorial Team

Part of the Team Since

Sep 2018

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The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

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XRP trades at $1.39, down -1.5% over the past 24 hours, well below the psychological $1.40 pivot that’s dictated short-term sentiment for weeks. One analyst is making an XRP price prediction sure to blow even the most bullish Ripple maxi’s minds.

That’s the target one analyst just put on the table, and the math behind it is either wildly aggressive or a decade-long setup, depending on who’s charting it.

Analyst Ali Martinez pointed to a monthly ascending triangle he says has been forming on XRP’s chart for nearly ten years, with resistance capped at approximately $3.66.

“A monthly close above it would confirm the breakout and activate a technical target near $60,” Martinez wrote, framing the level as the singular gatekeeper for the entire bullish thesis. Touching $3.66 intraday won’t cut it, he’s explicit that only a confirmed monthly close counts.

Context matters here. XRP would need a 158% rally just to test that $3.66 resistance, and a move to $60 implies a market cap near $3.76 trillion, a figure that would put XRP ahead of most global companies by valuation.

XRP Price Prediction: Can Ripple Hit $1.50 This Week?

(SOURCE: TradingView)

At $1.39, XRP sits inside a consolidation band that’s held between roughly $1.31 and $1.48 over the past week. Exchange liquidity data shows activity hitting a six-month high, which typically precedes a directional move rather than more sideways chop.

Immediate support sits at $1.35, with a break below risking a slide toward $1.30–$1.32. Resistance clusters at $1.43–$1.45, then again at $1.50–$1.55.

Bull case: XRP reclaims $1.45, builds momentum through the $1.50–$1.53 band, and targets $1.63–$1.68 into year-end, per recent volume analysis.

Base case: continued range-bound trading between $1.35 and $1.48 while the market waits for a catalyst.

Bear case: a failure to hold $1.35 sends the price back toward $1.30, invalidating the near-term bullish structure.

The $3.66 monthly close Martinez flagged remains a distant, higher-timeframe condition, resistance mapping suggests that’s a Q4-or-later conversation, not a this-week one.

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LiquidChain Targets Early Mover Upside as XRP Tests Key Levels

A $60 target validates why holders are still here. But at a $3.76 trillion implied market cap, the math gets uncomfortable fast; that level of capital rotation into a single asset doesn’t happen on a normal cycle timeline, and reaching it from $1.39 requires patience most traders don’t have. This is where capital increasingly rotates toward earlier-stage infrastructure plays with more room to run percentage-wise.

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Core features include Single-Step Execution and Verifiable Settlement, both aimed at solving the cross-chain friction that’s plagued DeFi since multi-chain became the norm.

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