- XRP’s multi-year triangle breakout in November 2024 has analysts targeting a price of $12.60.
- With on-chain data and bullish chart patterns supporting the forecast.
- XRP price could reach even higher levels in the coming months up to $50.
Fresh price forecasts for XRP to break into the double-digit range are making strong waves in the crypto community.
Currently, XRP is trading at $3.15, seeing a 4.75% rise in the past seven days and posting a solid 42% increase in the last eight weeks. In this market environment, the buzz around XRP breaking past $10 has intensified. Analyst Ali Martinez recently tweeted another bold new prediction, stating that XRP could be on its way to $12.
A 7-Year Triangle Breakout Could Send XRP to $12
This optimistic outlook follows a notable technical development. Martinez highlighted a large symmetrical triangle pattern that XRP has formed, starting from its peak in 2018, its bottom in subsequent years, and the rebound in 2025.
From this seven-year triangle pattern, where XRP largely traded under $0.50, a historic breakout occurred in November 2024, which saw XRP soar to $3.40 in January 2025. The price then dropped to $1.60 by April before the latest rebound, which started in July. In April, XRP broke a new boundary by reaching $3.66 before cooling off a bit.
While the coin prepares for the next phase of its bull run, Martinez suggested that the full breakout target from the multi-year pattern could send XRP’s price to $12.60.
Other Technical Patterns Point to $11 and $24 for XRP
Meanwhile, in an earlier chart analysis, Martinez predicted that XRP could reach $11, following a bullish flag breakout on its weekly chart. After a 580% surge from under $0.50 to $3.40, XRP consolidated for 24 weeks before breaking out again at $2.25.
Martinez has set two price targets: $5.75 (1.272 Fibonacci extension) and $11.20 (1.618 Fibonacci extension).
It’s all connected. This latest bullish chart comes after a rare on-chain signal for XRP also flashed. Here’s our news report on XRP’s MVRV ‘golden cross.’
Martinez has also pointed to on-chain data that strengthens the $11 to $12 forecast. Notably, XRP’s MVRV ratio has recently formed a golden cross. This pattern has previously led to significant price jumps, including surges of 630% and 54%.
If XRP were to replicate the smaller of these past moves, it could see its price climb to around $5. However, should the cryptocurrency experience a surge similar to the more substantial historical rally, it could shoot up to $24.
Supporting Views
On the other hand, market analysts such as Carl Moon are predicting a 10x rally for XRP, which could push its price past $30. Some, like Dustin Layton, are even eyeing a $50 XRP by December 2025.
With the lengthy SEC lawsuit now behind it, investor confidence is on the rise. After almost eight years, XRP is in a prime position to challenge its previous high of $3.84 and may even exceed it.
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