XRP’s Long Game: Will Price Soar to $12.60? Renowned chart analyst Ali Martinez says XRP’s multi-year symmetrical triangle breakout in Nov 2024 has set the stage for a $12.60 target, driven by classical technical extension levels, not short-term hype. Technically, Martinez’s thesis rests on the measurement technique traders use for triangle breakouts, entailing measuring the pattern’s height and projecting that distance from the breakout point, often cross-checked with Fibonacci extensions. Martinez has highlighted intermediate extension objectives before the $12.60 mark, suggesting a staged advance rather than an immediate parabolic move. These technicals have collided with favorable fundamentals in 2025. XRP has enjoyed renewed buyer interest amid a calmer regulatory backdrop and increasing institutional flows, enabling the altcoin to hit a new all-time high (ATH) of $3.65 last month. Therefore, Ali Martinez’s $12.60 target reflects a high-conviction technical breakout, reinforced by bullish regulatory shifts and strong on-chain signals. Meanwhile, XRP might be eyeing the $9.63 zone as the 3rd-largest cryptocurrency by market cap continues to mimic its previous bull cycle. At the time of this writing, XRP was up by 8.5% in the past week to trade at $3.25, according to CoinGecko data . 900 million XRP Scooped up by Whales in Just 48 hours — What it Means In a swift market jolt, XRP whales scooped up roughly 900M tokens in just 48 hours this week, on-chain data shows, a buying spree first flagged by Martinez. Why does it matter? Well, at prevailing prices, the 900M XRP haul was worth about $2.8B, a massive buy that could squeeze exchange supply, fuel short-term momentum, and prompt traders to rethink key support and resistance levels. Improved regulatory clarity and renewed institutional interest, fueled by Ripple’s legal win against the SEC and chatter over new products and ETFs have been linked to the surge. Whether these headlines sparked the buys or merely gave cover for opportunistic accumulation, whales seized the moment to load up. Therefore, the 900M XRP whale haul signals potential bullish follow-through if demand holds and liquidity thins, but also heightens the risk of sharp volatility if whales flip to selling. Conclusion The 900M XRP spree reshapes supply dynamics and fuels bullish narratives, but also adds intrigue. Traders tracking exchange liquidity, wallet clustering, and whether these tokens head to cold storage or trading venues will soon see if whales are in for the long haul or just rotating positions. Meanwhile, Martinez’s $12.60 target is a technically grounded, high-conviction projection that gains plausibility from recent breakout structure and a friendlier regulatory climate.
