Despite being rejected at $1.70 a few weeks ago after its sharp rise in mid-August, Ripple’s cross-border token is still up 40% from its multi-year lows marked less than a month ago.
This has made many analysts very optimistic. While this seems quite expected to market observers like EGRAG CRYPTO, Ali Martinez’s recent price target is what has energized the community.
XRP at $60!?
Martinez recently became convinced that Ripple’s native token had already bottomed out during this cycle and was on the path to recovery. In a previous article, he noted that the XRP breakout was confirmed and set a more modest target of $1.70. This actually occurred after the asset reached this level on August 21 and 22, after its 70% increase in less than 72 hours.
However, it was violently rejected there and pushed down to below $1.35 last week. Its ability to maintain this level and the subsequent rebound to the current level of $1.40 gave the bulls more hope, and Martinez joined the party.
In a post earlier today, the analyst told his 166,000 followers that XRP was “forming a huge ascending triangle on the monthly chart.” If it exceeds and closes north of the key barrier at $3.66, then it would “confirm the breakout and activate a technical target near $60.” Yes, it’s $60 per XRP.
BULL XRP MARKET GOAL: $60
For almost a decade, $XRP formed a huge ascending triangle on the monthly chart.
The resistance level at $3.66 is the main obstacle. A monthly close above would confirm the breakout and activate a technical target near $60. pic.twitter.com/RpAnbER9cv
– Ali Charts (@alicharts) September 5, 2026
Now, we’re not trying to be the bearer of bad news, but $60!? Even if it takes another 10 years, it would require an increase of almost 4,200% from current levels. Additionally, its market cap, even if the supply of XRP remains the same, which it won’t, would be around $4 trillion (yes, with a T). This would make it 2-3 times larger than BTC’s current market capitalization, and its valuation would surpass even giants like Amazon and Microsoft.
Maybe $25?
Similar, very optimistic (and a bit far-fetched) predictions usually come from other analysts, such as EGRAG CRYPTO. But even his most recent analysis was more modest than Martinez’s.
Based on XRP’s previous expansions, during which the asset exploded by as much as 2,400%, the analyst describe some major targets in its September 5 analysis. The highest being $25 if XRP wants to emulate the most significant rally of its 2017-2018 bull phase.
The other targets, slightly less bullish, are set between $11 and $15.8. Naturally, this all seems a bit unrealistic at the moment, even though the market structure has changed significantly in recent weeks.
The post XRP’s Breakout Rally Has Started, Analysts Say – But Their Targets Will Shock You appeared first on CryptoPotato.
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