Analyst Ali Martinez Maps $60 Target for XRP (XRP) on $3.66 Breakout

Ali Martinez's $60 Triangle Thesis

Analyst Ali Martinez has mapped a $60 long-run target for XRP (XRP), the XRP cross-border settlement asset behind the XRP Ledger, conditioned on a decisive monthly close above $3.66 — the upper boundary of an ascending triangle he traces back nearly ten years on the monthly chart. In a post on X, Martinez argued the decade-old structure only confirms once a candle closes above that ceiling, which would technically activate a measured-move objective near $60. At the current circulating supply, that scenario implies a total market capitalization of roughly $3.76 trillion — a scale the asset has never approached.

post on Xhttps://twitter.com/alicharts/status/2096180347226439959?s=20

The call lands against a heavy near-term backdrop. Over the past 48 hours XRP has oscillated between $1.39 and $1.43, a band that has frustrated breakout traders for weeks, and the market has just absorbed a 1 billion token escrow unlock worth approximately $1.38 billion — part of the supply program Ripple routinely re-locks when unused, as it did with 700 million XRP earlier this month. Immediate resistance sits near $1.43, with a secondary ceiling around $1.48 on the 7-day range, while the token coils just above its 24-hour floor of $1.39–$1.40.

Martinez's roadmap is patient by design. The bull case requires XRP to reclaim $1.48, build a base, and grind toward $3.66 across multiple quarters before the monthly confirmation close. The base case keeps price ranging between $1.35 and $1.48 while unlock supply is digested. The bear case — a break of the $1.35 demand zone he flags — would invalidate the near-term structure outright. None of these paths reach $60 without confirmation candles measured in years, a reminder that even a structural bull market thesis here hinges on support and resistance levels that remain untouched.

Futures Volume at Six-Month High

While spot action stays boxed in, the derivatives side is waking up. Aggregated exchange data shows XRP futures turnover climbed to its strongest level since February, with August marking the heaviest month in six. Roughly $37 billion in XRP futures changed hands on Binance during August — by far the largest single share of venue activity — and the surge coincided with a gain of more than 36% for the token over the trailing 30 days, per the published exchange-data breakdown.

the published exchange-data breakdownhttps://x.com/cryptoquant_com/status/2096995042875383838

Fresh positioning figures underline how speculative the tape has become. XRP futures turned over approximately $3.45 billion in the latest 24-hour window, more than five times the corresponding spot volume, and open interest stood near $3.12 billion, with Binance alone carrying roughly $879 million in XRP/USDT futures turnover in the latest snapshot. Account-level ratios lean heavily long: Binance's XRP/USDT long-to-short account ratio sits around 2.29, OKX's comparable figure near 2.44, and Binance's top-trader accounts at approximately 2.71. XRP now ranks among the most actively traded altcoin derivatives markets, and options desks watching crypto options skew will read that long concentration as leverage that can cut both ways — fuel for squeezes higher, but also for forced unwinds if the range fails. Liquidity has plainly returned after a quieter stretch; whether it confirms a trend is another question entirely. For position sizing around these levels, our beginner's guide to buying XRP covers the practical venue mechanics. Readers tracking the market in real time can follow live spot and futures prices on Gate.

The $1.41 Resistance Test

COINOTAG's proprietary 42-indicator composite S/R scoring engine frames the immediate fight. Spot trades at $1.4021 (−0.55% over 24 hours), pressed just beneath a $1.4145 resistance our engine rates 97/100 — a confluence of liquidity-void (LVN) and Fibonacci 0.382 sources, reinforced by value-area-high and R2 pivot inputs. First support at $1.3611 scores 86/100 from a Flip R→S and Fibonacci 0.500 cluster with the Ichimoku Kijun. Momentum is mixed: RSI at 59.29, a bearish MACD signal, sideways trend. Funding reads −0.0033% while 72.9% of tracked accounts sit long against $969 million in open interest, and the Fear & Greed Index prints 71 (Greed). A reclaim of $1.4145 opens $1.4713; losing $1.3611 invalidates the near-term bull thesis.