Crypto News
Ali Charts says XRP has spent nearly a decade forming a massive ascending triangle on the monthly chart. The analyst identifies $3.66 as the key resistance level.
A monthly close above $3.66 would confirm the breakout and activate a technical target near $60. The projection is conditional on that monthly confirmation.
Frequently asked questions
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What chart pattern supports the $60 XRP projection?
Ali Charts points to a massive ascending triangle that has been forming on XRP's monthly chart for nearly a decade.
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What does $3.66 represent in the XRP setup?
The analyst identifies $3.66 as the key resistance level that XRP must clear for the chart's breakout scenario.
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Why does a monthly close above $3.66 matter?
Ali Charts says a monthly close above $3.66 would confirm the breakout and activate the technical target near $60.
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Is $60 XRP a confirmed price level?
No. It is a conditional technical target that depends on XRP recording a monthly close above the $3.66 resistance level.
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How long has the XRP ascending-triangle setup been developing?
Ali Charts says the pattern has been forming for nearly a decade on XRP's monthly chart.
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