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XRP Cryptocurrency analyst Ali Martinez: XRP's long-term technical outlook is bullish, with a potential bull market target price of US$60.
Cryptocurrency analyst Ali Martinez proposed after evaluating XRP's long-term technical prospects that in a potential bull market, the price of XRP is expected to rise to US$60.
Martinez pointed out that on the monthly chart, XRP is forming a wide rising triangle that lasts for about 10 years. The analyst emphasized that $3.66 is a key resistance level in this long-term pattern.
Martinez said that if XRP closes firmly above $3.66 on the monthly chart, it will technically confirm a breakthrough in the rising triangle, a situation that could trigger a technical price target of about $60.
Based on this forecast, the most important obstacle facing XRP is the $3.66 level. Only by breaking through that level and remaining above it at the close of the month can the key conditions for Martinez's long-term bullish scenario be met.
However, the $60 target price is a technical target calculated based on a rising triangle pattern and there is no guarantee that the price will reach this level.
The above content does not constitute investment advice.
