XRP currently trades at $1.39, down -1.5% over the past 24 hours, significantly below the psychological $1.40 pivot that has shaped short-term sentiment for weeks. One analyst is presenting an XRP price forecast that could surprise even the most optimistic Ripple supporters.
That target was set by analyst Ali Martinez, who points to a monthly ascending triangle pattern visible on XRP’s chart that has developed over nearly a decade, with resistance capped around $3.66.
“A monthly close above it would signal a breakout and trigger a technical target near $60,” Martinez explained, positioning this level as the key threshold for the bullish argument. He emphasized that merely touching $3.66 intraday wouldn’t suffice—only a confirmed monthly close matters.
Context is important here. XRP would require a 158% surge simply to breach that $3.66 resistance, and reaching $60 would imply a market capitalization approaching $3.76 trillion, placing XRP ahead of most large corporations by valuation.
At $1.39, XRP resides within a consolidation zone holding between approximately $1.31 and $1.48 throughout the past week. Exchange liquidity metrics indicate activity at a six-month high, which typically precedes directional movement rather than prolonged sideways movement.
Immediate support lies at $1.35, with a drop below posing risk of falling toward $1.30–$1.32. Resistance areas cluster between $1.43–$1.45, followed by another cluster at $1.50–$1.55.
Bullish scenario: XRP regains $1.45, gains momentum through the $1.50–$1.53 range, and aims for $1.63–$1.68 by year-end based on recent volume patterns.
Baseline projection: continued range-bound trading between $1.35 and $1.48 while waiting for catalysts.
Bearish outlook: failing to hold $1.35 would push prices back toward $1.30, undermining the near-term bullish framework.
The $3.66 monthly close highlighted by Martinez remains a distant, higher-frequency event—resistance mapping suggests this applies to Q4 onward rather than this week.
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A $60 target explains why holders remain invested. However, considering an implied market cap of $3.76 trillion, the numbers become concerning quickly; such capital inflow into a single asset isn’t typical for standard cycles, and climbing from $1.39 to $60 demands patience most traders lack. This is precisely where capital increasingly shifts toward early-stage infrastructure projects offering greater percentage growth potential.
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