Whales Load Up on XRP, Analyst Says Next Stop Could Be $12.60

Renowned chart analyst Ali Martinez projects XRP could reach $12.60 following its multi-year symmetrical triangle breakout in November 2024. He bases this target on the classical triangle breakout measurement, which involves calculating the pattern’s height and extending it from the breakout point. Martinez also cross-checks these levels with Fibonacci extensions for accuracy.

Gradual Climb Before the Peak

Martinez notes XRP will likely hit intermediate targets before approaching $12.60. This suggests a steady climb rather than a sudden parabolic surge. The breakout aligns with favorable fundamentals in 2025, including a calmer regulatory climate and rising institutional inflows. XRP recently set a new all-time high of $3.65 last month, reinforcing his bullish outlook.

Multi-year triangle breakout in Nov 2024 put $XRP bullish target at $12.60. pic.twitter.com/ckjswAfPiv
— Ali (@ali_charts) August 12, 2025

The analyst sees the $9.63 mark as a possible milestone, reflecting patterns from XRP’s earlier bull runs. At press time, XRP traded at $3.22, up 8.5% over the past week, according to CoinGecko.

In just 48 hours, whales purchased roughly 900 million XRP tokens, worth around $2.8 billion. Martinez first flagged the accumulation. Such massive buys can tighten exchange supply, drive short-term rallies, and force traders to adjust their key levels.

900 million $XRP scooped up by whales in 48 hours! pic.twitter.com/S9sDKwDu0t
— Ali (@ali_charts) August 11, 2025

Fundamentals Support the Surge

Ripple’s legal win over the SEC, combined with ETF speculation and new product chatter, boosted investor confidence. While it’s unclear if these headlines directly triggered the buys, whales capitalized on the moment to load up.

The 900M XRP haul could fuel sustained bullish momentum if demand remains strong and liquidity stays tight. However, if whales decide to sell, the market could face sharp volatility. Analysts are watching whether the tokens move to cold storage for long-term holding or to exchanges for quick trades.

Martinez’s $12.60 projection rests on a solid breakout structure and a friendlier regulatory backdrop. Together, these factors make the target more plausible and keep XRP firmly on bullish watchlists.

Lanre Durojaiye

Mr. Durojaiye Olusola is a finance graduate and cryptocurrency writer with over a year of experience providing market insights and clear, well-researched analysis. Dedicated to helping readers understand blockchain trends and digital asset developments.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.