XRP News Today: XRP Breaks Out of Symmetrical Triangle as Analysts Target $12

XRP has recently exhibited a technical pattern mirroring its previous 400% rally, sparking renewed optimism among traders who are now eyeing the $12 price level as a potential target. The token broke out of a symmetrical triangle formation, a pattern observed prior to its significant 2024 surge from under $1 to over $3. Current price action shows XRP trading above the key breakout zone at $3.01, despite a recent pullback, which analysts view as a continuation of bullish momentum [1].

The setup is further supported by historical structure: XRP formed a tightening triangle from December 2024 to June 2025, breaking out again in late June and surging past $3.33. Although the weekly candle now shows a minor retracement, it remains above the critical breakout zone. Based on the prior pattern, some technical analysts project a move toward $12, assuming a similar post-breakout trajectory [1].

However, whale activity has introduced an element of caution. Over 710 million XRP was sold by large holders in the past 24 hours, as shown by on-chain data from ali charts and Santiment. These whale wallets, holding between 100 million and 1 billion XRP, reduced their total balance from over 10 billion to 8.02 billion since mid-July. This large-scale distribution began shortly after XRP reached a local peak near $3.50, coinciding with a price decline and signaling possible profit-taking [1].

Despite the correction, XRP remains above key support levels and continues to draw attention from traders and analysts. A 4-hour chart from Binance on August 2 shows the price dropping to $2.9078, with technical indicators like MACD and RSI confirming weakened momentum. RSI has fallen below 40, while MACD values remain negative, and trading volume has steadily declined since the July rally. Yet, the price remains above the $3.00 zone, which traders are monitoring for signs of continuation [1].

On the fundamental side, platforms like Ripplecoin Mining have introduced new investment opportunities, such as a "Free Start" cloud mining program that allows users to lock in XRP and earn passive income. The platform emphasizes accessibility and diversification, supporting multiple currencies and utilizing AI scheduling to streamline returns [3].

Market conditions have not been stable. XRP mirrored the broader crypto downturn on August 2, 2025, falling 10.2% before stabilizing around $2.98. Analysts suggest that this correction may be subsiding, but volatility remains a key factor in short-term price direction [5].

Looking forward, price forecasts vary. An expert from Unilabs raised XRP's August target to $5, citing increased trading volume and whale activity as potential catalysts [6]. Bitget projects a more conservative trajectory, forecasting a price of $3.28 for August 2025 and $3.35 by January 2026 [7]. CryptoInsightUK has also suggested a $3.97 resistance level could open the door to a $4.66 move, with a long-term target of $12 [2].

While these forecasts reflect a cautiously optimistic view, they remain speculative. XRP's performance is influenced by broader macroeconomic conditions, regulatory developments, and overall market sentiment. For now, the token appears to be consolidating, with a potential breakout contingent on overcoming key resistance levels. Investors are advised to closely monitor technical indicators and major market movements as XRP approaches these critical price points.

Source: [1] Same Pattern, Same Setup—Could XRP Really Be Heading Toward $12 (https://coinmarketcap.com/community/articles/688ec749d638b90b44164dbc/)

[2] XRP News Today: XRP Eyes Major Breakout as Analysts Flag Bullish Technical Signals (https://www.ainvest.com/news/xrp-news-today-xrp-eyes-major-breakout-analysts-flag-bullish-technical-signals-2508/)

[3] XRP May Be Poised For A Historic Breakthrough, And Ripplecoin Mining Is Creating A New Passive Income Model (https://www.barchart.com/story/news/33815647/xrp-may-be-poised-for-a-historic-breakthrough-and-ripplecoin-mining-is-creating-a-new-passive-income-model)

[5] Bitcoin, Ethereum and XRP Sink as Crypto Liquidations Top $900 Million (https://decrypt.co/333226/bitcoin-ethereum-xrp-sink-crypto-liquidations-top-900-million)

[6] Expert Raises XRP Price Prediction for August to $5, But Says Unilabs Will Jump Even Higher (https://coincentral.com/expert-raises-xrp-price-prediction-for-august-to-5-but-says-unilabs-will-jump-even-higher/)

[7] XRP Price Prediction & Forecast 2025-2050 (https://www.bitget.com/price/ripple/price-prediction)