XRP, the world’s third-largest cryptocurrency, may be preparing for a big breakout. The price is now trading around $3.13, just shy of its recent peak. Well-known crypto analyst Ali Chart predicts XRP could soar to $12.60, based on patterns seen in its past performance.
Let’s dive in!
XRP Price Eying $12.60
According to crypto analyst Ali Chart, XRP is now trading in a zone that has been a strong support in the past. He recently shared a one-week XRP chart showing that traders are keeping a close eye on this level.
In November 2024, XRP broke out of a multi-year triangle pattern, a move that signals a major shift in market direction, not just a quick price jump. Such a breakout from a long-term pattern often sets the stage for a powerful rally.
For XRP, this rally could be big. Ali’s bullish target is $12.60, which is nearly four times higher than its current price of around $3.13.
Ripple Won the SEC Lawsuits
On August 8, 2025, the U.S. SEC officially ended its long-running lawsuit against Ripple Labs. The regulator dropped its appeals, marking a big win for Ripple and the XRP token. However, Ripple will still need to pay a $125 million fine set by the court earlier this year.
Earlier in the year, a U.S. court also ruled that XRP is not a security, clearing up a major legal risk. But despite this legal victory, XRP’s price didn’t jump much.
XRP Holds Steady, Eyes Possible Breakout
Looking at the price chart, XRP has been moving in a narrow range between $3.15 and $3.33. Experts say a clean break above $3.30, with strong trading volume, could push prices toward $3.50 or even $3.70 soon.
Despite the sideways action, XRP’s market position stays strong. Whale Alert reported that 16.69 million XRP, worth about $53 million, was sent from an unknown wallet to Coinbase.
However, the RSI sits at 53, showing healthy bullish momentum without being overbought.
