XRP analyst sets conditional $60 target after monthly close above $3.66

  • Ali Martinez outlined a conditional XRP price target of $60.
  • XRP must gain approximately 158% from $1.42 to reach the $3.66 threshold.
  • U.S. spot XRP ETFs recorded $6.14 million of net inflows on Sept. 3.

Crypto analyst Ali Martinez says XRP could eventually reach $60 if the token secures a monthly close above $3.66, the resistance level capping an ascending triangle that has formed over nearly a decade. XRP trades around $1.42, requiring an approximately 158% gain to reach the breakout threshold and more than 4,100% to reach $60. With about 62.74 billion XRP in circulation, a $60 price would imply a market capitalization of roughly $3.76 trillion, compared with about $89 billion at current prices. Martinez gave no timetable, making the figure a conditional long-term technical target rather than a forecast for this year. The level also appears in an earlier Coinpaper analysis of EGRAG Crypto’s Big Yellow Triangle, which outlined potential targets of $6.50, $13, $31 and $60. Meanwhile, U.S. spot XRP ETFs (exchange-traded funds holding XRP directly) recorded $6.14 million in net inflows on Sept. 3, lifting cumulative inflows to roughly $1.68 billion, while institutional filings reported XRP ETF exposure of about $87.4 million for Goldman Sachs, alongside positions from Jane Street and Millennium Management. XRP must first reach and close a month above $3.66 for Martinez’s thesis to advance.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.