Ripple’s XRP token is up 40% from its multi-year lows reached less than a month ago, despite being rejected at $1.70 in mid-August. Analyst Ali Martinez sees a massive ascending triangle forming on the monthly chart, with a break above the key $3.66 resistance level activating a technical target near $60, representing a nearly 4,200% surge from current levels. Such a valuation would imply a market cap of approximately $4 trillion, surpassing Microsoft and Amazon. Another analyst, EGRAG CRYPTO, offers more modest targets ranging from $11 to $25, based on XRP’s previous bull cycles.
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