Ripple’s XRP is showing one of its most bullish setups in years. Crypto expert Ali Martinez points out that the multi-year triangle pattern on XRP chart finally broke to the upside in November 2024, opening the door for a long-term move that could reach $12.60.
For almost six years, XRP price was stuck inside a huge symmetrical triangle. The price continued to form lower highs and higher lows, narrowing into a tighter range. This pattern began back in 2018 when XRP was around $3.30 and resulted in years of sideways trading.
That all changed in November 2024. XRP burst through the upper trendline, ending the long consolidation phase and shifting the long-term trend to bullish. Martinez’s chart shows Fibonacci extension levels, with the 1.272 extension lining up with that $12.60 target.
XRP Price Short-Term Levels to Watch
Earlier this month, Martinez highlighted $3.27 as a key level. If XRP can close above it, he says the next stop would likely be around $3.60.
At writing, XRP price is sitting near $3.14, just below the key breakout point. On the weekly chart, there’s strong support between $2.40 and $2.50, the same area where the breakout began earlier this year.
What the XRP Chart Shows
From 2018 to 2024, XRP price was coiling between a downtrend line on top and an uptrend line on the bottom. That slow squeeze finally ended with the November 2024 breakout, which came with strong buying momentum and a clear shift toward the bulls.
Image Source: X/Ali
In 2025, XRP has already made a run toward $3.60 before pulling back to retest the breakout area.
Buyers have stepped in around that zone, helping the XRP price climb back to $3.18. If momentum keeps up, the next resistance is near $6.00, with a longer-term target reaching up to $12.60.
Finally, if XRP price can close above $3.27, a quick move to $3.60 is on the table. Breaking that could set up a push toward $6.00 and even $12.60 over time.
But if it fails to clear $3.27, XRP might keep trading between $2.50 and $3.20 until buyers are ready to make the next big push.
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The post XRP Price Multi-Year Breakout Could Rewrite the History Books – Here’s Why This Time Feels Different appeared first on CaptainAltcoin.
