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Crypto analyst predicts XRP set to explode 400% after new update
Crypto analyst predicts XRP set to explode 400% after new update originally appeared on TheStreet.
Ali Martinez, the popular crypto analyst, has predicted that XRP could rally to $12.60.
Known as @ali_charts on X, the crypto analyst shared XRP's price chart on X on Aug. 12, which showed the cryptocurrency forming a multi-year symmetrical triangle pattern.
The pattern is characterized by converging trendlines, with the upper line showing resistance and the lower one showing support. Once the lines converged, XRP broke upwards and indicated a bullish breakout.
Martinez predicted the crypto asset will skyrocket to $12.60 due to the breakout in November 2024 As XRP was trading at $3.1840 at the time of the post, it means the asset will surge by more than 395%.
Join the discussion with CryptoWendyO on Roundtable here.
Recently, the popular analyst predicted XRP will target $3.34, and the final closure of the Ripple vs Securities and Exchange Commission *(*SEC) case indeed led to the asset going past the price. So, Martinez successfully nailed the prediction.
After the controversial legal battle ended on Aug. 7, there is now more clarity around the regulatory status of XRP.
While the 2023 judgment doesn't consider XRP as a security during its sale to retail traders, it barred Ripple from raising funds via institutional sale — until the SEC recently came to the crypto firm's rescue and waived the disqualification that restricted it from raising funds.
XRP rose around 6% following the closure of the case and was trading at $3.18 at the time of writing. The price is still around 17% lower than the all-time high (ATH) of $3.84 it hit on Jan. 4, 2018.
Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.
Crypto analyst predicts XRP set to explode 400% after new update first appeared on TheStreet on Aug 12, 2025
This story was originally reported by TheStreet on Aug 12, 2025, where it first appeared.
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