XRP’s $12.6 Target Becomes More Realistic As SEC Ends Ripple Case: Analyst
The post XRP’s $12.6 Target Becomes More Realistic As SEC Ends Ripple Case: Analyst appeared on BitcoinEthereumNews.com.
XRP’s bullish target at $12.6 XRP case over; XRP ETFs already launched Cryptocurrency analyst and trader Ali Martinez, known as @ali_charts on the X social media platform, has issued a message for the crypto community about the prospects of the third-largest cryptocurrency, XRP. He believes that the coin can now reach the super-bullish target that appeared ahead of it in November last year. You Might Also Like XRP’s bullish target at $12.6 Martinez shared an XRP chart, stating that the breakout the coin made from a multi-year triangle in November last year gave XRP a bullish target at $12.6. The chart shows that the growth XRP has demonstrated to the $3 price level recently is part of that surge that became possible in November 2024. Besides, now several key bullish developments have taken place that seem to make XRP’s further extensive growth quite likely in the near future. XRP case over; XRP ETFs already launched On Aug. 11, the newly appointed chairman of the Securities and Exchange Commission (SEC), Paul Atkins, confirmed that the regulator has closed its long-running case against Ripple. Atkins confirmed the tweet by SEC Commissioner Hester Peirce about this development. The SEC chair stated that with this “chapter closed,” regulatory efforts will now be switched “from the courtroom to the policy drafting table” as they plan to put a focus on “building a clear regulatory framework that fosters innovation while protecting investors.” Commissioner Peirce is right. With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table. Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors. #ProjectCrypto — Paul Atkins (@SECPaulSAtkins) August 11, 2025 Ripple’s chief legal officer, Stuart Alderoty, thanked Chief Atkins in the comments for making it…
Filed under: News - @ August 12, 2025 1:32 pm