XRP could reach $60 if it finally breaks a resistance level that's held for years, according to analyst Ali Martinez. A monthly close above $3.66 would confirm a breakout from an ascending triangle pattern building on the monthly chart for nearly a decade, activating a technical target near $60. At current supply, that price implies a market cap of roughly $3.76 trillion.
The $3.66 wall
The triangle Martinez points to has been forming for close to ten years. Each pullback has held higher lows while the ceiling stayed flat at $3.66. A monthly close above that level would flip the structure and open the path toward the $60 target.
The math is straightforward. With current supply, a $60 price implies a market cap of roughly $3.76 trillion. That's not a number anyone expects to see soon. Martinez frames it as a long-term thesis requiring years of confirmation, not a short-term trade.
Where XRP trades now
XRP has been oscillating between $1.39 and $1.43 over the last 48 hours. Immediate resistance sits at $1.43, with a secondary ceiling at $1.48 based on the 7-day range. The token's weekly performance is up between 1.9% and 4.5% depending on the feed.
The market just absorbed a 1 billion token escrow unlock worth roughly $1.38 billion. That supply hit didn't break the price, which some traders read as a sign of underlying demand.
The bull, base, and bear cases
Martinez lays out three scenarios. The bull case has XRP reclaiming $1.48, building a base, and grinding toward $3.66 over multiple quarters. The base case keeps the token range-bound between $1.35 and $1.48 while the market digests unlock supply. The bear case triggers if XRP breaks below the $1.35 demand zone, which would invalidate the near-term bullish structure.
For now, the immediate levels to watch are $1.48 on the upside and $1.35 on the downside. A monthly close above $3.66 is the milestone that matters for the $60 thesis, but that's a conversation for quarters down the road, not this week.
Bitcoin Hyper presale
Separately, the Bitcoin Hyper presale has raised $33 million at a token price of $0.0136858. Early buyers are getting 35% staking rewards, which appears to be the main draw for the capital flowing in.
