XRP News Today: XRP Breaks 7-Year Consolidation Pattern Eyes $12.60 Target

XRP’s price trajectory has entered a new phase following a multi-year technical breakout in November 2024, according to analysis by key market observers. The asset broke above a symmetrical triangle pattern that had persisted since 2018, marking the end of a six-year consolidation period. Technical indicators suggest this breakout could drive the price to a bullish target of $12.60, based on Fibonacci projection methodologies [2].

The consolidation period saw XRP oscillate between $0.15 and $0.75 before breaking above the key resistance level near $0.68 in late 2024 [2]. This move was characterized by a surge in trading volume, indicating robust market participation and validating the strength of the breakout. The price quickly passed several Fibonacci retracement levels at $0.96 and $1.74, reaching $3.18 by August 2025 [2]. Analyst Ali Martinez has outlined extension targets at $5.96, $9.98, and $16.17, with the $12.60 target corresponding to the 1.272 Fibonacci level [2].

The breakout has been accompanied by favorable fundamental developments. In August 2025, Ripple and the U.S. Securities and Exchange Commission (SEC) reached a legal settlement, effectively resolving a long-standing regulatory issue that had previously limited XRP’s institutional adoption and clarity [2]. Additionally, the Commodity Futures Trading Commission (CFTC) designated XRP as a commodity, aligning it with Bitcoin and Ethereum under the U.S. regulatory framework [2]. This change is seen as a catalyst for increased institutional interest and market liquidity.

From a short-term technical perspective, XRP has recently found support near $3.11, a level associated with key Fibonacci retracement and Elliott Wave dynamics [2]. The price has since reclaimed the $3.21 level, and key resistance remains at $3.41, $3.66, and the $4.60–$4.80 zone [2]. A close above $3.27 could signal a near-term move toward $3.60, while support between $2.40 and $2.50 remains critical for maintaining the upward momentum.

The $12.60 target is a technical forecast based on historical pattern behavior and current price action. Analysts have highlighted that such patterns, once broken, often lead to strong directional moves. Combined with the recent legal and regulatory developments, the technical conditions suggest a favorable environment for XRP’s continued growth [2]. However, it is important to note that forecasts are speculative and subject to change based on evolving market conditions.

The convergence of these technical and regulatory factors has generated renewed optimism among XRP holders and traders. While the price remains significantly below the projected target, the trajectory appears aligned with historical patterns observed in major cryptocurrencies during bullish cycles [2]. Analysts caution that while the technical outlook is positive, actual price performance will depend on broader market dynamics and investor sentiment.

Source:

[1] https://m.economictimes.com/news/international/us/xrp-surges-470-in-a-year-analyst-says-12-60-target-now-within-reach/articleshow/123281177.cms

[2] https://finance.yahoo.com/news/crypto-analyst-predicts-xrp-set-164900621.html

[3] https://www.mitrade.com/insights/news/live-news/article-3-1034466-20250813

[4] https://www.ainvest.com/news/xrp-news-today-xrp-hovers-3-27-traders-watch-key-resistance-breakout-signal-2508/

[5] https://investx.fr/en/crypto-news/xrp-price-target-of-12-6-now-attainable-as-sec-lawsuit-comes-to-a-close/

[6] https://blockchainreporter.net/xrp-breaks-7-year-technical-trend-eying-12-60-price-target/

[7] https://coinedition.com/xrp-price-prediction-12-dollar-target-triangle-breakout-conviction/

[8] https://captainaltcoin.com/xrp-price-multi-year-breakout-could-rewrite-the-history-books-heres-why-this-time-feels-different/

[9] https://www.msn.com/en-in/money/markets/xrp-price-prediction-slipping-nearly-8-in-four-days-is-this-sharp-dip-the-calm-before-a-12-60-storm-after-the-sec-win/ar-AA1KnPLd

[10] https://coinpedia.org/news/xrp-price-prediction-2/amp/