XRP (XRP) Price: Falls Below $1.40 As Analyst Sets $60 Target

TLDR

• XRP fell 3.24% to around $1.35, slipping below the $1.40 support level.
• Analyst Ali Martinez says XRP could reach $60 if it closes a monthly candle above $3.66.
• Ripple CTO David Schwartz said XRP could one day pass Bitcoin’s market value, driven by faster growth rather than a Bitcoin decline.
• The XRP Ledger’s Lending Protocol amendment is in voting, with 31.43% support so far, short of the 80% needed.
• XRPL 3.4.0 has reached its first beta milestone ahead of a planned Lending Protocol release.

XRP traded near $1.35 on Thursday, down 3.24% for the session. The drop pushed the token below $1.40, a level where buyers and sellers have been fighting for control in recent weeks.

If $1.35 fails to hold, traders are watching $1.30 as the next line of defense. A recovery would need to clear $1.40 first, then push through resistance between $1.45 and $1.50.

Analyst Ali Martinez ($XRP) laid out a longer-term case for the token. He said a monthly close above $3.66 could open the door to a $60 price, arguing that such a move would break a long pattern of failed attempts to hold gains above prior highs.

Reaching $3.66 alone would require XRP to climb almost 170% from current levels. Getting to $60 would mean a jump of close to 4,000% from where the token trades today.

XRP Price Levels To Watch

The immediate focus stays on the $1.30 to $1.50 range rather than any longer-term target. Traders are watching how price behaves around $1.40 for signs of direction.

XRP is also trading carefully ahead of new US inflation data. That report could shift expectations for interest rates, which in turn affects demand across crypto markets.

Ripple CTO David Schwartz addressed a separate question during an X Space discussion hosted by validator operator Vet ($XRP). Asked whether XRP could overtake Bitcoin in total market value, Schwartz said it was possible, but explained the path: “It wouldn’t happen from Bitcoin shrinking. It would happen from XRP growing faster than Bitcoin.” He pointed to the XRP Ledger’s speed and range of functions as reasons for potential future growth. Schwartz did not give a price target or timeline.

XRP Ledger Upgrade Progress

Away from price, the XRP Ledger is moving toward its next major upgrade. XRPL 3.4.0 will include Lending Protocol v1.1, adding to the network’s decentralized finance tools.

XRP Price on CoinGecko

The current Lending Protocol amendment is open for validator voting, with 31.43% of tokens cast so far. The amendment needs 80% support to activate, so the current total does not guarantee it will pass.

The lending system would allow uncollateralized loans on the blockchain using pooled funds from a Single Asset Vault. It relies on off-chain underwriting to assess borrowers under the XLS-66 specification.

XRPLF moved the software from version 3.4.0-b0 to 3.4.0-b1 on August 24, following a merged pull request. The update did not add any new transaction type, amendment, or RPC method.

XRPL Operations is hosting an X Space on the Lending Protocol on September 11 at 1 p.m. EST. Scheduled participants include XRPL Foundation CTO Angell Denis, RippleX’s Ayo Akinyele and Jazzi Cooper, and RippleX engineer Vito Tumas.

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