XRP is preparing to break through the resistance level of $3.30, with whales having scooped up 900 million XRP, providing momentum for a potential surge to $12.60.

XRP's long game: Will prices soar to $12.60?

Renowned chart analyst Ali Martinez states that XRP's multi-year symmetrical triangle breakout in November 2024 lays the groundwork for the $12.60 target, driven by classic technical extension levels rather than short-term speculation.

From a technical perspective, Martinez's argument is based on the measurement techniques traders use for triangle breakouts, which include measuring the height of the formation and predicting the distance to the breakout point, often cross-checked with Fibonacci extensions.

Martinez emphasizes mid-term extension targets before the $12.60 milestone, suggesting a phased approach rather than an immediate parabolic move.

These technical factors conflict with the favorable fundamentals of 2025. In the context of a calming regulatory environment and increasing institutional capital inflows, XRP has regained buyer interest, allowing this altcoin to reach an all-time high (ATH) of $3.65 last month.

Thus, Ali Martinez's $12.60 target reflects a high-confidence technical breakout, supported by bullish regulatory shifts and strong on-chain signals.

Meanwhile, as the third largest cryptocurrency by market cap, XRP continues to mimic its previous bull market cycle, XRP may be eyeing the $9.63 region.

XRP has risen 8.5% in the past week, trading at $3.25.

Whales scooped up 900 million XRP in just 48 hours—what does this mean?

On-chain data shows that amidst rapid market oscillations, XRP whales have scooped up approximately 900 million tokens in just 48 hours.

At the current price, this 900 million XRP transaction is valued at approximately $2.8 billion, a massive trade that could squeeze exchange supply, stimulate short-term momentum, and prompt traders to reconsider key support and resistance levels.

Increased regulatory transparency, renewed interest from institutional investors (driven by Ripple's victory over the SEC), and discussions of new products and ETFs are all related to this surge. Whether these headlines stimulated buying or merely provided cover for opportunistic accumulation, the whales seized the opportunity to increase their holdings.

Therefore, if demand remains unchanged and liquidity decreases, the 900 million XRP whale harvest suggests potential bullish follow-through, but if the whales turn to sell, it could also exacerbate the risk of significant volatility.

Conclusion

The surge of 900 million Ripple has reshaped the supply landscape, fueling bullish sentiment while also adding market interest. By tracking exchange liquidity, wallet accumulation, and the ultimate flow of these tokens to cold wallets or trading platforms, traders will soon see whether the giant whales intend to hold long-term or are simply rotating positions.

Meanwhile, Martinez's $12.60 target is a technically based, highly confident prediction, made credible by recent breakout structures and a more favorable regulatory environment.