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XRP Price Could Hit $60 if It Breaks $3.66 Resistance: Analyst

Published 07 September 2026
Giuseppe Ciccomascolo
Authors

Key Takeaways

  • Analyst Ali Martinez believes XRP could target $60 if it confirms a decade-long ascending triangle with a monthly close above $3.66.
  • XRP must rally roughly 158% from $1.42 to reach the breakout level, while hitting $60 would require gains of more than 4,100%.
  • A $60 XRP price would imply a market capitalization of approximately $3.76 trillion based on the current circulating supply.

XRP could climb as high as $60 if it breaks through a resistance level that has capped its price for almost a decade, according to crypto analyst Ali Martinez.

Martinez identified a massive ascending triangle on XRP’s monthly chart, arguing that the pattern has been developing for nearly ten years. Its upper boundary sits at approximately $3.66, making that price the decisive level for the bullish setup.

“XRP BULL MARKET TARGET: $60,” Martinez wrote. “For nearly a decade, XRP has been forming a massive ascending triangle on the monthly chart.”

However, he stressed that merely touching or briefly moving above $3.66 would not be enough to confirm the pattern.

“The $3.66 resistance level is the key barrier,” Martinez said. “A monthly close above it would confirm the breakout and activate a technical target near $60.”

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XRP Must First Rally 158% to Reach $3.66

XRP is trading at around $1.42, leaving it far below the level required to activate Martinez’s target.

The token would need to advance by approximately 158% just to reach $3.66. From its current price, a rally to $60 would represent a gain of more than 4,100%.

Ascending triangles generally form when an asset records progressively higher lows while repeatedly failing to break a horizontal resistance level.

Traders often interpret a confirmed breakout as a continuation signal, with the potential target calculated based on the pattern’s height.

However, chart targets are not guarantees. XRP would need to overcome several intermediate resistance levels before challenging $3.66, and Martinez did not provide a timetable for the projected move.

His analysis should therefore be viewed as a conditional long-term scenario rather than a prediction that XRP will reach $60 this year.

XRP Would Be Worth Nearly $3.8 Trillion

The implied market capitalization highlights the extraordinary scale of Martinez’s forecast.

XRP has approximately 62.74 billion tokens in circulation. At $60 per token, its market capitalization would reach about $3.76 trillion, compared with roughly $89 billion at $1.42 per token.

Such a valuation would require an enormous inflow of capital, although market capitalization does not translate directly into the amount of money invested.

Martinez is not the only analyst to have identified $60 as a possible long-term target. EGRAG Crypto’s “Big Yellow Triangle” analysis previously mapped several potential XRP milestones, including $6.50, $13, $31, and $60.

Both projections depend on XRP breaking out of the broad consolidation pattern that has defined its long-term chart.

XRP ETF Demand Offers a More Immediate Bullish Signal

While the $60 projection remains highly speculative, regulated investment products are providing a more measurable source of demand.

US spot XRP exchange-traded funds recorded $6.14 million in net inflows on Sept. 3, lifting cumulative inflows to approximately $1.68 billion.

The products previously attracted around $170 million during an 11-session inflow streak, including $14.38 million on Sept. 1.

Institutional filings show Goldman Sachs holding approximately $87.4 million in XRP ETF exposure, with Jane Street and Millennium Management also appearing among institutional investors.

XRP-linked products such as Amplify’s XRPM are meanwhile extending the token’s presence within traditional US fund infrastructure.

Nevertheless, ETF inflows alone have not pushed XRP close to the critical resistance. Before traders can seriously consider Martinez’s $60 target, XRP must first more than double in value and secure the monthly close above $3.66 needed to confirm his thesis.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Giuseppe Ciccomascolo

Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.

Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.

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