XRP News Today: XRP technical analysis targets $12.60 post-SEC lawsuit resolution

Market analyst Ali recently highlighted a significant technical development in XRP’s price chart, noting a multi-year symmetrical triangle pattern that broke out in November 2024. Using classical technical analysis principles, Ali calculated a bullish price target of $12.60 by measuring the height of the triangle and applying it to the breakout level [1]. This projection has since been echoed by other technical analysts, reinforcing its relevance in the broader market context [2].

At the time of reporting, XRP was trading at $3.19 according to CoinMarketCap data, indicating a period of consolidation following strong gains in late 2024 and early 2025. While the current price remains significantly lower than Ali’s $12.60 target, the breakout pattern continues to serve as a key reference for traders monitoring the asset’s long-term potential. For XRP to reach that level, it would require sustained bullish momentum, increased trading volume, and favorable macroeconomic conditions [3].

A major turning point occurred in mid-2025 with the resolution of the long-running SEC vs. Ripple lawsuit. On June 26, U.S. District Judge Analisa Torres denied a joint request by the SEC and Ripple to vacate certain court rulings. Shortly after, both parties withdrew their appeals, effectively ending the legal battle. This development has been seen as a catalyst for XRP, removing a significant regulatory uncertainty that had previously hindered its adoption and price movement [4].

To achieve the $12.60 target, analysts suggest that XRP would need to maintain technical strength, alongside increased utility of the XRP Ledger (XRPL), and broader strength in the cryptocurrency market. Additional contributors could include institutional adoption, liquidity expansion, and a general shift toward risk-on sentiment in global markets [5].

Nevertheless, technical projections should not be viewed as guarantees. They represent potential scenarios based on historical pattern behavior, and unexpected macroeconomic or industry-specific factors could quickly change the trajectory of the asset. For investors, the $12.60 target provides a measurable benchmark, but reaching it would depend on a combination of favorable technical and fundamental conditions. Prudent market participants are advised to use disciplined risk management strategies, including stop-loss orders and diversified exposure [6].

The November 2024 triangle breakout remains one of the most compelling technical setups for XRP in recent years. While the $12.60 target is ambitious, it reflects the long-term potential seen in XRP’s market structure, particularly now that regulatory clarity has emerged. Whether the price fulfills this projection or not, the pattern exemplifies how technical analysis can influence strategic market outlooks [7].

Source:

[1] Times (https://timestabloid.com/multi-year-triangle-breakout-in-nov-2024-puts-xrp-bullish-target-at-12-60/)

[2] U.Today (https://u.today/xrps-126-target-becomes-more-realistic-as-sec-ends-ripple-case-analyst)

[3] Coinpedia (https://coinpedia.org/news/xrp-price-prediction-2/)

[4] The Tradable (https://thetradable.com/crypto/xrp-price-prediction-analyst-eyes-epic-126-rally-after-sec-victory-1--v)

[5] Benzinga (https://www.benzinga.com/crypto/cryptocurrency/25/08/47054424/bitcoin-ethereum-dogecoin-slip-ahead-inflation-data-release)

[6] OKX (https://www.okx.com/en-au/price/xrp-xrp)

[7] Coincu (https://coincu.com/analysis/xrp-crashes-after-3-40-rejection-next-stop-2-50/)