NewsCryptoAnalysts Set XRP Targets From $2.30 to $60 as Bullish Setups Emerge

Analysts Set XRP Targets From $2.30 to $60 as Bullish Setups Emerge

Author: Cryptofrontnews·

Key Takeaways

  • •Ali Charts set a technical target near $60 for XRP, contingent on a monthly close above the $3.66 resistance within an ascending triangle that has formed over nearly a decade.
  • •Celal Kucuker identified $2.30 as a nearer-term target based on multiple technical formations, while Javon Marks sees a possible move toward $3.50 and larger targets of $15 or above.
  • •XRP trades around $1.408, holding above its 50-day moving average near $1.39 and its 200-day moving average near $1.23, after rebounding from approximately $1.05 on Aug. 21 and briefly reaching $1.57-$1.58.
  • •Santiment data shows Daily Active Addresses dropped from nearly 938,000 during the breakout to about 93,500, while total holders remain near 8.1 million.
  • •A break above the $1.45-$1.51 zone could bring the recent $1.57-$1.58 high back into play, while losing $1.39 support would put the $1.35 and $1.23 levels in focus.
Analysts Set XRP Targets From $2.30 to $60 as Bullish Setups Emerge

Technical analysts tracking XRP have laid out price objectives spanning from $2.30 to as high as $60, each grounded in distinct chart patterns and breakout scenarios. The projections come from analysts Ali Charts, Celal Kucuker and Javon Marks, and they hinge on key resistance levels, breakout confirmation and current support near $1.39. XRP trades near $1.408 after rebounding from approximately $1.05 on Aug. 21 and briefly reaching $1.57-$1.58.

Such technical targets are derived from measured pattern projections rather than forecasts, and the wide range from $2.30 to $60 reflects how differently each analyst weighs timeframe, pattern size and confirmation criteria. XRP remains one of the most widely traded crypto assets by market capitalization, and its price behavior is closely watched as a gauge of broader altcoin momentum.

Ali Charts Sets XRP Target at $60

Ali Charts identified a massive ascending triangle that has formed on XRP's monthly chart, a pattern he says has developed over nearly a decade. Within this setup, the $3.66 level remains the principal resistance. Ascending triangles are conventionally read by technical analysts as continuation patterns, where repeated tests of flat resistance paired with rising lows can signal building upward pressure once the resistance breaks.

According to the analysis, a monthly close above $3.66 would confirm the breakout. On that basis, Ali Charts placed the technical target near $60. The figure depends entirely on XRP clearing the long-term resistance level, and multi-year patterns of this kind are typically measured over long timeframes.

XRP Holds Above the 50-Day Moving Average

XRP currently trades around $1.408, sitting above the 50-day moving average near $1.39 and the 200-day moving average near $1.23. Moving averages of this kind are commonly used by traders as dynamic support and trend indicators, with the 50-day line often treated as a short-term trend threshold and the 200-day as a longer-term one.

From March through May, XRP moved mostly between $1.30 and $1.50. Selling pressure intensified in June, eventually pushing the price toward $1.00-$1.05 during August. The major reversal arrived on Aug. 21, when XRP climbed from near $1.05 to above $1.45. The rally later reached approximately $1.57-$1.58 before the price pulled back.

Since then, XRP has traded between roughly $1.35 and $1.45. A move above the $1.45-$1.51 zone could bring the recent $1.57-$1.58 high back into play.

Marks Sees $3.50 Before Larger Targets

Celal Kucuker pointed to $2.30 as a nearer-term XRP target, saying multiple formations and technical setups point toward that level.

Javon Marks identified another possible move toward $3.50. He noted that XRP gained nearly 55% after the breakout he previously identified, and expects a further move of almost 140% toward $3.50 if the breakout continues holding. Beyond that, he cited larger targets of $15 and above.

On-Chain Metrics and Support Levels

Data from Santiment shows Daily Active Addresses reached nearly 938,000 during the breakout. The metric has since fallen to about 93,500, while total holders stand at approximately 8.1 million. Activity metrics of this kind are often used alongside price analysis to gauge whether market moves are accompanied by broader network participation; here, address activity has cooled substantially even as the holder count remains near its recent level.

On the downside, if XRP loses the $1.39 support, the next level sits near $1.35, with the 200-day moving average around $1.23 providing another major support zone.