- SEC case closure removes a major obstacle for XRP, clearing the path for bullish momentum toward the $12.6 target.
- ETF launches, especially in global markets, are driving institutional interest and could spark further price growth.
- Despite a 550% rally since November, high profit-taking risk looms with 95% of supply in profit, raising volatility concerns.
XRP’s once-distant $12.6 target is no longer looking so far-fetched. With the SEC’s long-running battle against Ripple finally over, crypto analyst Ali Martinez says the path to this bullish milestone is clearer than ever. Back in November 2024, XRP broke out of a multi-year triangle pattern — a technical shift Martinez believes set the stage for the current rally. Now, with legal clouds gone, the market has one less reason to hold back.
Legal Win Opens the Floodgates
The SEC’s case had been a thorn in XRP’s side for years, fueling uncertainty and price swings. But on August 11, SEC Chairman Paul Atkins confirmed it’s officially closed. Ripple’s legal chief Stuart Alderoty called it a turning point, applauding leadership for moving toward better crypto regulation. With that pressure gone, Ripple can push forward with partnerships, expansion, and ecosystem growth — all of which could help push XRP toward that $12.6 target and beyond.
ETF Buzz Adds Fuel to the Fire
ETFs are becoming a big part of the story. While the U.S. hasn’t yet approved a spot XRP ETF, it’s already live in Canada, Brazil, and Europe. The U.S. did greenlight a futures-based ETF, sparking institutional interest and adding legitimacy to the asset. Analysts say a spot ETF approval stateside could be a game-changer for price momentum, making Martinez’s $12.6 call much more realistic.
Overvaluation or Just the Beginning?
Since November, XRP’s price has surged over 550%, pushing its market cap to $190 billion. That’s huge — but with total value locked at just $85 million, some are warning about overvaluation risks. On top of that, more than 95% of XRP’s supply is currently in profit, a condition that’s historically triggered sell-offs. Still, with the XRP Ledger expanding and ETFs rolling out globally, bulls believe the rally could have a lot more room to run.
