Ali Martinez – a renowned technical analyst in the crypto community – has recently made an optimistic statement about the future of XRP, the third-largest cryptocurrency in the world. According to him, XRP is entering a crucial phase and could soon reach the super bullish target of $12.6 – a price that has been predicted since the historic breakout at the end of last year.
The technical model supports the upward 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 the $3 threshold – seen as the first step on the journey towards the target price zone of $12.6.
"This is not a short-term pump, but part of a long-term structural price increase," 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 fundamental factors are currently supporting a further acceleration.
Major leverage: The Ripple – SEC lawsuit has officially concluded
One of the biggest recent boosts for XRP is the complete end of the prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).
On August 11, the new SEC Chair – Paul Atkins – confirmed that the agency has officially closed the lawsuit against Ripple. On the X platform, he shared that the SEC will now shift its focus "from the courtroom to the policy-making table," aiming to create a clear legal framework that promotes innovation and protects investors in the cryptocurrency space.
Mr. Stuart Alderoty – Legal Director of Ripple – thanked Chairman Atkins, asserting that this milestone brings the U.S. closer to a more transparent and open cryptocurrency ecosystem.
The explosion of XRP ETF funds
Not stopping there, 2025 will witness a wave of launches of XRP-related ETFs in many global markets – a clear sign that confidence from institutional investors is increasing.
In the U.S., iShares (owned by BlackRock) has launched a futures XRP ETF – even though the spot ETF is still awaiting SEC approval.
In Canada, Europe, and Brazil, spot XRP ETFs have officially gone live, opening up access to XRP for institutional investors without the need to directly hold the tokens.
Some investment firms in the U.S. have also applied to launch a spot XRP ETF, however, the SEC's approval process is still being delayed.
Although BlackRock – the largest asset management company in the world – has not directly launched a spot XRP ETF, their indirect participation through futures products is also seen as an important step.
With a solid long-term technical model, the legal battle concluded, and the wave of ETFs spreading globally, XRP is facing an important moment. The price target of $12.6 – which seemed far-fetched a year ago – now appears to be a completely feasible milestone in the eyes of many investors and experts.
"The market may be underestimating the potential of XRP," Ali concluded. "But the charts do not lie."