Ali Martinez Maps $60 Target for XRP (XRP) on a Break Above $3.66

Ali Martinez’s $60 Scenario

XRP, Ripple’s cross-border settlement asset, could ultimately reprice toward $60 if a decade-old chart structure resolves to the upside, according to an analysis by Ali Martinez. His reading of the monthly timeframe identifies a broad ascending triangle that has been developing for roughly ten years, with the pattern’s resistance converging near $3.66. That level is the decisive threshold: a monthly candlestick close above $3.66 would technically confirm the breakout and activate a measured-move target of approximately $60. Our review of the same chart shows price has repeatedly stalled beneath that ceiling during past bull market phases, which is why the monthly close — not any intraday spike — is the condition that matters. The analyst himself flags the caveat that a $60 projection is derived from the triangle’s geometry, not a guarantee the price will actually arrive there. Even so, the setup gives long-term holders a concrete checkpoint far above current spot, and it echoes earlier technical work on XRP, including the 2024 pattern that preceded its 650% rally. Traders tracking the formation should treat $3.66 as the line separating another consolidation year from a structural breakout attempt.

Fed Relief Lifts XRP

Softer rate rhetoric from the Federal Reserve supplied the short-term lift. On September 3, Fed Governor Christopher Waller said recent inflation data has begun to cool and that, if the trend holds, he favors keeping rates at current levels rather than raising them again. The comments eased fears of a September hike, and XRP responded by rebounding to roughly $1.45 in early September. Market data shows the token up about 5% on the week and roughly 37% over the past month, while continued inflows into XRP spot ETFs — a key XRP market coverage theme — have kept institutional participation in focus, extending to initiatives such as the BIS testing the XRP Ledger for institutional use. Technically, the $1.35–$1.38 band is the near-term support zone; holding above it keeps the $1.70 resistance, and eventually the $2.00 psychological mark, in play. Macro sensitivity cuts both ways: when hike expectations build, capital drifts toward higher-yielding traditional assets, and when they fade, risk assets benefit. With regulatory catalysts also clustering mid-September — including a possible vote on the CLARITY Act that Ripple CEO Brad Garlinghouse has called within reach — macro and policy are doing more near-term work than any long-term chart target.

Macro Headwinds Cap Recovery

The bullish structure faces a firm counterweight. XRP last traded above $2 in January, and momentum flipped sharply this year — the token briefly slipped below $1 during last month’s sell-off before stabilizing. The late-August rebound came alongside Bitcoin reclaiming $80,000, helped by improved sentiment after the White House crypto event and liquidity supplied by the US Treasury’s expanded buybacks of government debt. That lift has since faded: Bitcoin has slid back to the $77,000 area, and XRP’s advance stalled with it. The bigger worry is the liquidity cycle itself. Fed Chair Kevin Warsh used the Jackson Hole forum to stress inflation concerns, keeping another rate increase on the table, and analysts caution that if the Treasury needs to rebuild fiscal headroom, liquidity injected through buybacks could flow back to the government rather than to markets. Under that combination — tightening risk appetite plus a possible liquidity drain — the token could drift back toward the low-$1 support zone where stronger buying has historically emerged. On that view, a return to $2 by year-end is far from assured; it depends less on XRP’s own chart and more on whether Bitcoin resumes its recovery and the Fed and Treasury keep liquidity available. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

Structure Versus Liquidity

The through-line across these developments is a market pulled between structure and liquidity. The monthly triangle gives XRP bulls a decade-scale map with a $3.66 trigger, but spot conditions — Fed policy uncertainty and Treasury-driven liquidity swings — sit between price and that trigger. COINOTAG’s read: momentum gauges such as the RSI on weekly timeframes will show whether the $1.45 area marks accumulation or another lower high. Until the macro calendar clears, the altcoin market trades on Fed and Treasury headlines, not decade-old triangles.