Key Levels: $3.66 Resistance Decides the Path Toward $60

XRP trades near $1.41 after losing 2.83% over 24 hours, following stronger United States employment data and heavy long liquidations. The latest XRP price prediction centers on $3.66, a resistance level that has capped the token for years. Analyst Ali Martinez says a monthly close above that barrier would confirm an ascending triangle breakout. An ascending triangle is a classical chart pattern in which rising lows gradually compress against flat resistance; many technical analysts treat an confirmed breakout from such a formation as signaling continuation, which is why Martinez frames the $3.66 close as the decisive trigger rather than the price target itself.

His chart places the long-term technical target near $60. The projection is conditional, while nearer levels still determine whether buyers can regain control. Rising spot activity, exchange outflows, ETF demand, and growth across Ripple's ecosystem provide a backdrop for the contested technical setup.

The Breakout Depends on a Monthly Close Above $3.66

The latest decline followed a United States jobs report showing 162,000 new positions. That figure exceeded market expectations, while unemployment held at 4.1%. The release pressured risk assets by strengthening expectations for tighter monetary policy. Firmer labor data tends to affect crypto through this rates channel, since tokens like XRP have historically traded as high-beta risk assets that respond to shifts in liquidity expectations.

XRP BULL MARKET TARGET: $60 For nearly a decade, $XRP has been forming a massive ascending triangle on the monthly chart. The $3.66 resistance level is the key barrier. A monthly close above it would confirm the breakout and activate a technical target near $60. pic.twitter.com/RpAnbER9cv — Ali Charts (@alicharts) September 5, 2026

XRP briefly fell toward $1.33 during the sell-off. Liquidations reached about $14.82 million, with long positions representing 95.8% of the total. Forced closures added selling pressure before the token recovered toward $1.41. Liquidation cascades of this kind are a recurring feature of leveraged crypto derivatives markets, where exchange auto-liquidation of losing positions can amplify short-term moves beyond what spot trading alone would produce.

Trading activity nevertheless stayed elevated during August. Binance processed about $7.28 billion in XRP spot volume, while Upbit recorded roughly $4.68 billion. Around 500 million tokens also left Binance during the month. Lower exchange balances can reflect transfers into self-custody, although they do not guarantee immediate price gains.

Martinez's analysis draws on an ascending triangle visible on the monthly chart. XRP has produced higher lows while repeatedly meeting resistance near its previous record zone. A monthly close above $3.66 would provide stronger confirmation than a brief intraday move. The $3.66 level itself sits just above XRP's all-time high region from early 2018, making it a psychologically significant barrier tied to the token's prior cycle peak.

The projected path does not send XRP directly to $60. Martinez's chart identifies possible stages near $9.49 and $15.60, followed by a potential pullback. Higher extensions appear around $31.87 and $60 if the long-term structure continues.

Nearer resistance remains more relevant for current traders. XRP must first reclaim $1.70, then clear potential targets around $1.90, $2.13, $2.80, and $3.40. Failure to hold the $1.30 area could expose the broader $1.10 to $1.38 support zone.

ETF Demand Supports the Broader Picture

Fundamental developments provide a second part of the outlook. United States spot XRP ETFs attracted $110.49 million during the week ending August 28. Total net inflows surpassed $1.66 billion, showing continued institutional demand despite short-term price weakness. Spot XRP ETFs began trading in the United States in 2025 after the Securities and Exchange Commission approved multiple filings, giving regulated investors a wrapper that bypasses direct token custody.

Ripple USD has also expanded across the ecosystem. RLUSD supply rose 51% during the past 30 days to a record $2.4 billion. About $1.1 billion of those assets now sit on the XRP Ledger, alongside growth in holders and transaction volume. RLUSD is Ripple's US dollar-pegged stablecoin, launched in late 2024, and its growth ties stablecoin liquidity directly to activity on XRPL.

Meanwhile, XRPL developers are testing a Lending Protocol and Single Asset Vaults. The upgrades could bring more lending, yield products, and institutional activity onto the network. Greater usage may support demand, but adoption will depend on liquidity, security, and participation. These features would bring XRPL closer to DeFi capabilities already common on other major chains, where lending and vault products account for a substantial share of on-chain value locked.

Regulation provides another potential catalyst. A United States Senate cloture vote on the CLARITY Act is scheduled for September 15, 2026. The procedural vote requires 60 votes and would determine whether the bill advances. The CLARITY Act is market-structure legislation that would clarify how digital assets are divided between SEC and CFTC oversight, an issue that has shaped the long-running legal and regulatory uncertainty around tokens including XRP.

Short-Term Chart Readings Remain Divided

One bearish view treats the latest rebound as a three-wave corrective move rather than a confirmed trend reversal. Under that interpretation, XRP has not established a durable bottom within the $1.10 to $1.38 region.

The daily chart offers a firmer bullish signal. XRP trades above its 200-day exponential moving average and has held support near $1.3093. A bullish flag also points to $1.6975, the August high, as the first major test. Only sustained closes above nearby resistance would strengthen the larger breakout case and bring Martinez's $3.66 trigger into focus. For readers tracking the setup, the sequence of events to watch is straightforward: the monthly close relative to $3.66, the September 15 cloture vote on the CLARITY Act, and continuing ETF flow data.