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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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A large leverage has appeared, is the price of XRP ready to x4?
Ali Martinez – a well-known technical analyst in the crypto community – has just made a hopeful statement about the future of XRP, the third largest cryptocurrency in the world. According to him, XRP is entering a critical phase and could soon reach the super bullish target of 12.6 USD – a price that has been predicted since the historic breakout at the end of last year.
Technical model supporting the bullish trend
Ali shared a technical chart showing that XRP broke out of a multi-year accumulation triangle in November 2024. Since then, the price has at times reached 3 USD – viewed as the first step on the journey towards the target price area of 12.6 USD.
"This is not a short-term pump, but rather a part of a long-term structural bullish phase," Ali emphasized. According to him, the current price action of XRP is a continuation of the breakout wave that was triggered at the end of last year – and importantly, the underlying factors are currently supporting another acceleration.
Major Leverage: The Ripple – SEC Lawsuit Has Officially Concluded
One of the biggest recent driving forces for XRP is the complete termination of the long-standing legal case between Ripple and the U.S. Securities and Exchange Commission.
On August 11, the new SEC Chairman – Paul Atkins – confirmed that the agency has officially closed the lawsuit against Ripple. On platform X, he shared that the SEC will now shift its focus "from the courtroom to the policy-making table," with the aim of creating a clear legal framework that promotes innovation and protects investors in the cryptocurrency space.
Mr. Stuart Alderoty – Chief Legal Officer of Ripple – expressed his gratitude to Chairman Atkins, affirming that this is a milestone that brings the United States closer to a more transparent and open cryptocurrency ecosystem.
The Boom of XRP ETF Funds
Not stopping there, the year 2025 will witness a wave of launches of ETF funds related to XRP in many global markets – a clear sign that the trust from institutional investors is increasing.
Although BlackRock – the world's largest asset management company – has not directly launched a spot XRP ETF, their indirect participation through futures contract products is also seen as an important step forward.
With a solid long-term technical model, the legal lawsuit has concluded, and the wave of ETFs is spreading globally, XRP is facing an important moment. The price target of 12.6 USD – which seemed far-fetched a year ago – is now seen as a completely achievable milestone in the eyes of many investors and experts.
"The market may be underestimating the potential of XRP," Ali concluded. "But the chart doesn't lie."
Annie