XRP Triangular Breakout Could Send Prices Soaring to $12: Here’s Why

XRP’s multi-year triangle breakout in November 2024 has analysts targeting a price of $12.60. With on-chain data and bullish chart patterns supporting the forecast. XRP price could reach even higher levels in the coming months up to $50. Fresh price forecasts for XRP to break into the double-digit range are making strong waves in the crypto community. Currently, XRP is trading at $3.15, seeing a 4.75% rise in the past seven days and posting a solid 42% increase in the last eight weeks. In this market environment, the buzz around XRP breaking past $10 has intensified. Analyst Ali Martinez recently tweeted another bold new prediction, stating that XRP could be on its way to $12. A 7-Year Triangle Breakout Could Send XRP to $12 This optimistic outlook follows a notable technical development. Martinez highlighted a large symmetrical triangle pattern that XRP has formed, starting from its peak in 2018, its bottom in subsequent years, and the rebound in 2025. From this seven-year triangle pattern, where XRP largely traded under $0.50, a historic breakout occurred in November 2024, which saw XRP soar to $3.40 in January 2025. The price then dropped to $1.… The post XRP Triangular Breakout Could Send Prices Soaring to $12: Here’s Why appeared first on Coin Edition .

Source: Coin Edition