Multi-Year Triangle Breakout In Nov 2024 Puts XRP Bullish Target at $12.60

Market analyst Ali noted a significant breakout on XRP’s chart in November 2024, citing a multi-year symmetrical triangle pattern, and set a bullish target of $12.60.

His projection is grounded in a classic technical approach. Once price breaks decisively out of a symmetrical triangle, the maximum height of the pattern (from base to apex) is added to the breakout point to determine the potential upside

In this case, applying that method to XRP’s November 2024 breakout yields the $12.60 target, a level echoed by other technical analysts in the months since.

Current Price Action and Market Position

As of report time, XRP is trading at $3.19, according to CoinMarketCap data. This reflects a steady consolidation phase following strong gains in late 2024 and early 2025. The current price remains well below Ali’s projected level, meaning a move to $12.60 would require sustained momentum, significant volume inflows, and favorable macro conditions

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Nonetheless, the breakout pattern identified last year continues to serve as a bullish structural reference point for traders monitoring XRP’s long-term chart.

Regulatory Developments as a Catalyst

The feasibility of reaching Ali’s target is influenced not only by technical factors but also by the broader regulatory backdrop. A major turning point came in mid-2025 when the long-running SEC vs. Ripple litigation reached effective closure. On June 26, U.S. District Judge Analisa Torres denied a joint request by the SEC and Ripple to vacate certain injunctions and reduce Ripple’s penalty

Shortly afterward, both parties withdrew their appeals, solidifying earlier court rulings. The end of this legal uncertainty has been viewed by many in the market as a potential catalyst, clearing one of the largest obstacles to XRP’s broader adoption and price advancement.

Potential Path to the $12.60 Target

From a market dynamics perspective, the road to $12.60 would likely require a combination of bullish technical continuation, increased utility of the XRP Ledger (XRPL), and broader cryptocurrency market strength. Liquidity expansion, institutional adoption, and a shift toward risk-on sentiment in global markets could all contribute to such a rally

However, technical projections are not guarantees; they are scenarios based on historical pattern behavior, and unforeseen macroeconomic or industry-specific factors can quickly alter trajectories.

Investor Considerations

For traders and investors, Ali’s projection offers a measurable benchmark for potential upside. However, reaching such a target depends on a confluence of factors beyond chart patterns. Prudent market participants should maintain disciplined risk management, using tools such as stop-loss orders, diversified exposure, and position sizing strategies

The breakout’s significance lies in providing a directional framework, but execution must remain adaptive to evolving market conditions.

Market Takeaway

Ali’s November 2024 multi-year triangle breakout call remains one of the most compelling bullish technical setups for XRP in recent years. While the $12.60 target is ambitious compared to current levels, it reflects the long-term potential many see in XRP’s market structure, especially now that regulatory clarity has emerged.

Whether or not the price ultimately fulfills this projection, the pattern stands as a textbook example of how technical analysis can guide strategic market outlooks.

Disclaimer***:*** This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.