Crypto analyst Ali Martinez, evaluating XRP’s long-term technical outlook, suggested that the price could rise to $60 in a potential bull market. According to Martinez, XRP is forming a broad
Crypto analyst Ali Martinez, evaluating XRP’s long-term technical outlook, suggested that the price could rise to $60 in a potential bull market.
According to Martinez, XRP is forming a broad ascending triangle pattern on the monthly chart that has been ongoing for approximately 10 years. The analyst noted that in the long-term pattern, the $3.66 level stands out as a critical resistance point.
Martinez stated that if XRP closes above $3.66 on a monthly basis, it would technically confirm an upward breakout from the ascending triangle, and such a scenario could activate a technical price target of approximately $60.
According to this forecast, the most important hurdle for XRP is at the $3.66 level. A break above this level and a monthly close above it would be the key condition for Martinez’s long-term bullish scenario.
However, the $60 level is a technical target calculated from a rising triangle formation and does not guarantee that the price will reach this level.
*This is not investment advice.
Continue Reading: Renowned Crypto Analyst Makes an Unbelievable $60 Prediction for XRP
