XRP is drawing attention for its long-term potential due to a significant technical setup that could eventually break above major resistance.

At the time of writing, XRP is trading at around $1.40, down 3.05% over the last 24 hours, according to CoinMarketCap. The cryptocurrency has a daily trading volume of approximately $3.47 billion, while its market capitalization stands near $88.11 billion.

Bullish Breakout Signals on the Monthly Chart

Despite the short-term decline, the broader technical picture remains a central issue for the XRP market. On September 5, 2026, crypto analyst Ali Martinez outlined a long-term bullish scenario in which XRP could reach $60 following a successful breakout on the monthly chart (X post).

According to the analyst, XRP has been forming a large ascending triangle on its monthly chart for nearly ten years. Ascending triangles are a classic chart pattern in technical analysis, generally defined by a flat horizontal resistance line and a rising trendline of higher lows; many traders interpret a confirmed breakout above the horizontal line as a bullish continuation signal, with the pattern's height used to project a target. The pattern is considered significant because it is capable of changing the course of price movement once it breaks — and its decade-long span makes it one of the longer-duration formations tracked on XRP's chart.

Key Resistance at $3.66

A sustained breakout above $3.66 on the monthly timeframe would be a critical technical event for XRP. That level sits above XRP's all-time high of roughly $3.40, set in January 2018, meaning a breakout there would take the asset into price territory it has never traded in before. In Martinez's view, such a development would confirm the completion of the ascending triangle pattern and open the path toward the long-term technical target near $60.

That target is far above the current price, implying a rally of several thousand percent. However, the chart target should be distinguished from a guaranteed final price. To reach it, XRP would need to break through multiple resistance levels.

The $3.66 level is therefore more significant at this stage than the $60 target itself. A breakout above it would likely draw interest toward the asset, while continued rejections would probably keep the price within its current range. It is also worth noting that pattern-based targets of this magnitude depend on the pattern resolving in the anticipated direction; ascending triangles can also break down, and long-term chart projections carry substantial uncertainty.

Momentum Shows Mixed Signals

XRP's RSI (14) currently reads 60.53, above the neutral level of 50, indicating that bulls retain a modest edge. However, it sits below the RSI average of 67.58, showing that momentum has eased after the recent advance. The overall sentiment is bullish, though not strongly so.

The MACD line stands at 0.07139, below the signal line of 0.07884, with the histogram in negative territory at -0.00745. This indicates that bullish momentum is deteriorating and that a weak short-term setup exists. A crossover above the signal line could strengthen XRP's momentum (TradingView chart).

What Comes Next for XRP?

The key question is whether XRP can build positive traction and break above the $3.66 resistance. Until then, market observers are likely to watch price behavior around relevant support and resistance areas, along with fluctuations in trading volume and momentum oscillators. Improvements in the MACD and RSI readings could brighten the near-term outlook. Because the setup is defined on the monthly timeframe, confirmation would come from a monthly close above $3.66 rather than intraday moves, meaning the pattern's resolution could take considerable time to play out.

A monthly close above $3.66 remains the decisive level. Once achieved, the ascending triangle pattern that Martinez identified — with a projected target near $60 — would come into focus. Until that point, XRP continues to trade far from this key level, and its short-term direction will depend on whether bulls can regain the upper hand following the current pullback.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always do your own research. Not financial advice.