XRP has formed an ascending triangle pattern on the monthly chart spanning nearly a decade, according to analyst Ali Martinez. The pattern features a critical resistance level at $3.66, which the analyst says would confirm a breakout if cleared in a monthly close.
The analysis projects intermediate resistance levels around $9.49, $15.60, and $31.87, with longer-term targets ranging from $57.40 to $60 toward the end of the decade. At the time of the analysis, XRP was trading around $1.40, implying a potential rally of approximately 4,186% to reach the $60 target.
Such a price level would value XRP at roughly $3.78 trillion at current supply levels, assuming supplies remain relatively unchanged. This valuation would position XRP among the world's largest financial assets.
Network Activity and Institutional Interest
XRP Ledger activity has shown mixed signals. Active trading accounts fell to approximately 1,100 per day in the second quarter from over 1,860 a year earlier. However, daily order-book trading volume surged 79% to 3.57 million XRP, resulting in average trading volume per account of roughly 3,200 XRP, nearly triple the prior year's level.
Tokenized assets and RLUSD balances on the network reached approximately $4.26 billion, compared to $99 million six quarters prior. RLUSD supply alone increased more than 600% year-over-year. U.S. spot XRP ETFs attracted $273 million in net inflows during the quarter.
Current Technical Position
At the time of reporting, XRP traded at $1.40, down roughly 3.4% over the preceding 24 hours but up approximately 1.5% on a weekly basis. The asset trades above its 50-day simple moving average of $1.17 and 200-day simple moving average of $1.27, with the shorter-term average positioned above the longer-term average.
XRP's 14-day relative strength index stands at 60.37, indicating positive momentum without reaching overbought conditions.
