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SBI Chairman Says XRP Will Reach a “Very High Price” After SEC Case Ends

Abdulkarim Abdulwahab
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SBI Chairman Says XRP Will Reach a “Very High Price” After SEC Case Ends

Now more than ever, the five-year SEC lawsuit against Ripple and XRP appears to be nearing its ultimate conclusion.

Amid these high hopes, the XRP community has been actively speculating about what could come next for the digital asset. Some members have resurfaced an old video featuring Yoshitaka Kitao, Chairman and CEO of Japanese financial giant SBI Holdings, where he expressed strong confidence in XRP’s future once the SEC lawsuit is resolved.

In the resurfaced video, Kitao stated that the long-running legal battle with the U.S. SEC was nearing its end. He cited comments from Ripple’s leadership suggesting that a final court ruling was coming within weeks.

“A Very High Price” for XRP After SEC Case

Kitao went further, stating that if the court ruled in favor of Ripple and determined that XRP is not a security but a digital currency, the token’s price could experience a significant surge.

Notably, SBI Holdings is one of Ripple’s key strategic partners and its largest external shareholder. Kitao emphasized the upside potential for investors, noting that without selling XRP, the company expects its valuation to become considerable.

Context of the Price Prediction

It is worth noting that Kitao originally made these statements in June 2023, just weeks before Judge Torres’s ruling. The court confirmed XRP’s status as a digital asset, which temporarily sent its price soaring.

However, that momentum quickly faded, and XRP’s price dropped back to pre-ruling levels. For over a year following the court decision, XRP remained in a narrow range, mostly around $0.50 to $0.60.

Another breakthrough for XRP occurred in November 2024, after former SEC Chairman Gary Gensler announced his resignation. This marked a significant turning point, as XRP broke through multi-year resistance and surged from under $0.50 to over $3.

Following that rally, XRP entered a six-month consolidation phase, from which it is currently attempting to break out. Meanwhile, Ripple leadership has recently announced plans to withdraw its appeal in the lawsuit to permanently resolve the case.

At this moment, the XRP community is awaiting an official statement from both the SEC and Ripple confirming the final closure of the lawsuit.

Amid this anticipation, XRP enthusiasts have revisited Kitao’s earlier video, which forecast a major price surge once the legal case definitively settles.

IPO Plans Could Follow SEC Ruling?

In the same video, Kitao also hinted that Ripple’s management might move forward with going public once the lawsuit is over. However, more recent updates suggest that Ripple is currently prioritizing mergers and acquisitions over an IPO.

SBI’s Deep Ties to Ripple

SBI Holdings has long been one of Ripple’s strongest international allies. Through its joint venture, SBI Ripple Asia, the companies have promoted XRP-based payment systems across the Asian market.

As for Kitao himself, he has been a vocal advocate for XRP and the broader adoption of blockchain in financial infrastructure. He believes in XRP’s potential for cross-border settlements and remittances.

Recently, SBI Holdings received a shareholder proposal encouraging the company to adopt an XRP treasury strategy, similar to MicroStrategy’s approach with Bitcoin, by making consistent investments in XRP.

Here’s When $1K Invested in Shiba Inu Can Turn Into $100K or $500K

Lele Jima
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Here’s When $1K Invested in Shiba Inu Can Turn Into $100K or $500K

With a modest investment of $1,000, investors could wake up to life-changing gains of $100,000 or $500,000 following significant price spikes. 

Shiba Inu’s reputation for delivering significant gains is not in doubt, considering its incredible performance in 2021. At the time, Shiba Inu significantly impacted the financial status of many investors.

Although it has been several years since Shiba Inu saw this incredible performance, some enthusiasts believe SHIB could embark on another major rally that could transform people’s lives. 

Shiba Inu Price Overview

Optimism in Shiba Inu has grown recently following the asset’s recent spike, which pushed its price above $0.000014 yesterday. However, Shiba Inu crashed from the multi-month high shortly after, following the broader market downturn.

Despite this collapse, confidence remains that Shiba Inu is capable of generating life-changing returns from small capital. Given this, this article explores the potential timeline for when a small investment of $1,000 could hit a valuation of $100,000 or $500,000. 

How $1K SHIB Investment Could Turn into $100K or $500K 

For context, Shiba Inu traded at $0.00001292 as of press time. At this price, a capital of $1,000, investors can procure 77.39 million SHIB tokens. 

It is worth noting that this $1,000 would have purchased only 70.87 million SHIB yesterday, when the price reached a daily high of $0.00001411. However, the recent dip presents investors with an opportunity to acquire SHIB tokens at a lower price.

The value of this 77.39 million SHIB portfolio, currently valued at $1,000 today, could be worth $100,000 or $500,000 if Shiba Inu’s price rallies significantly. Notably, a holding of 77.39 million SHIB would be worth $100,000 if SHIB rises to about $0.001292, or $500,000 if it reaches roughly $0.00646. 

How $1k can transform into $100K or $500K
How $1k can transform into $100K or $500K

When Can $1,000 Turn into $100K or $500K 

Hitting the estimated targets of $0.001292 and $0.00646 would require the price of SHIB to rally 9,900% and 49,900% from the current level, respectively. Notably, several market commentators have projected different timelines regarding when SHIB will reach $0.001292 or $0.00646. 

Telegaon, a major crypto prediction platform, predicted that Shiba Inu will eliminate two zeros from its price and hit $0.001292 by 2035. Moreover, it suggested that Shiba Inu will rise to the ambitious target of $0.00646 between 2036 and 2039. 

According to Changelly, the $0.001292 prediction will materialize between 2035 and 2039. However, it specifically stated that SHIB will climb to $0.00646 by June 2040, which is 15 years from today. 

Earlier this month, an analysis by The Crypto Basic suggested that SHIB will trade around the $0.001 territory by August 2042, assuming it experiences a 30% annual growth.

Last year, a separate report projected that if Shiba Inu captured just 10% of its 303,581% surge (30,385%) recorded from February to October 2021, its price could surpass $0.00646 and hit $0.0065 by 2025. 

While several market commentators believe that $0.001292 and $0.00646 are realistic targets, some analysts still think SHIB will not experience any significant surge until it burns a substantial portion of its 589 trillion token supply.

Kazakhstan Considers Bitcoin in National Reserves, Eyes State-Backed Crypto Fund

Zabi
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Kazakhstan Considers Bitcoin in National Reserves, Eyes State-Backed Crypto Fund

Kazakhstan is exploring the possibility of including crypto-related assets in its national investment strategy, according to National Bank Governor Timur Suleimenov.

Officials also plan a state-backed crypto reserve and a set of tighter regulations to secure its role in global crypto finance.

Notably, Kazakhstan is exploring a significant financial strategy shift by potentially dedicating part of its sovereign reserves, traditionally comprised of foreign currency and gold, to investment vehicles tied to the crypto industry, such as ETFs or shares in blockchain-related companies.

Central Bank Governor Timur Suleimenov has acknowledged that this proposal is currently under evaluation. He described it as part of a broader strategy to diversify and modernize the nation’s long-term investment portfolio.

“We’re studying the possibility, but we must be careful,” Suleimenov said in a public statement. “Digital assets offer high returns, but also high risk.”

The move would align Kazakhstan with global financial trends. Institutional investors worldwide are increasingly allocating funds to cryptocurrencies. Suleimenov referenced Norway’s Government Pension Fund, U.S. institutional investors, and sovereign funds in the Middle East as models for Kazakhstan’s evolving investment outlook.

Crypto Reserve in Development

Beyond potential reserve diversification, Kazakhstan is developing a plan to launch a national crypto reserve. The move could make it one of the first countries globally to formalize a government-backed digital asset fund.

According to officials, the fund would initially consist of digital assets confiscated through legal enforcement. Additional funding could come from tax revenues or mandatory contributions from state-involved crypto mining enterprises.

Kazakhstan currently ranks among the leading countries in Bitcoin mining. It accounts for around 13% of the global hashrate, thanks to low electricity costs and favorable regulations.

Tighter Regulations Signal Institutional Shift

Complementing its investment exploration, Kazakhstan is implementing stricter regulations in the crypto space. These include criminal penalties for unlicensed trading and restrictions on unauthorized advertising.

All cryptocurrency transactions must now be conducted through licensed exchanges operating within the Astana International Financial Centre (AIFC). The AIFC is a regulated economic zone that promotes fintech innovation.

Analysts see this dual-pronged strategy, institutional investment and regulatory tightening, as a signal of Kazakhstan’s intent to emerge as a trusted player in global digital finance.

By fostering legal clarity and encouraging state-level participation, the country can create a more secure digital asset environment. This, in turn, could attract both domestic and international investors.

If implemented, Kazakhstan’s integration of crypto-related assets into its sovereign reserves would mark a cautious but pivotal step in state-level crypto adoption, offering a new blueprint for establishing digital asset legitimacy.

Expert Highlights Five Reasons Why Bitcoin Is Going to $250,000 This Year

Elendu Benedict
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Expert Highlights Five Reasons Why Bitcoin Is Going to $250,000 This Year

Although Bitcoin has recorded considerable success this bull cycle, a recent analysis highlights five reasons why its price would still rally twofold from here.

Bitcoin is the best-performing currency so far this year and ranks among the most successful assets overall. Several major factors have contributed to this rally, including increased purchases from Bitcoin corporate treasury companies and inflows from US spot ETFs.

Meanwhile, this might be the beginning of Bitcoin’s rally. According to “EliteOptionsTrader,” the premier crypto asset would see another 100% price increase before the end of this year.

Propellants for a Bitcoin Surge to $250,000

For context, the experienced trader noted that the recent surge in the Bitcoin price to a new all-time high of $123,000 saw it break out after nine months of consolidation around the $110,000 price level. Notably, such outbursts usually spark a major rally, and he believes that its current all-time high is just the beginning.

Specifically, he highlighted Bitcoin’s path to $250,000 this year, mentioning five major catalysts for this run. Notably, this rally will see its market cap hit $4.97 trillion, surpassing firms like Nvidia, Microsoft, and Apple in valuation.

First, he cited the Ethereum spot exchange-traded fund approval as a key propellant. He noted that if the funds replicate Bitcoin’s success, more institutional presence will enter the crypto space, steering a “halo effect” for Bitcoin.

Meanwhile, he further highlighted the expected rate cuts in the fourth quarter of 2025 to boost Bitcoin’s price. Quantitative easing by the Federal Reserve System would weaken the dollar more, causing a global market shift to Bitcoin as an inflation hedge.

Notably, President Donald Trump has been pressuring Fed Chair Jerome Powell to cut rates, insisting it is good for the economy. This event has historically impacted Bitcoin’s price positively, and EliteOptions Trader believes this time will be no different.

Thirdly, the analyst noted that institutional fear of missing out (FOMO) will further drive adoption and consequently the price of BTC. While hedge funds and sovereign wealth funds are increasingly entering the market, only a few have done so. As Bitcoin’s price continues to show strength, more large-scale investors will consider exposure, fueling fresh allocation.

Supply Shock and Surging M2 to Push Bitcoin

Furthermore, the tweet noted that the momentum from the Bitcoin halving event is not fully priced in. The automated 4-year mining reward slash occurred in April 2024, dropping the block reward to 3.125 BTC. 

With more demand for Bitcoin in today’s market, the lowered token creation would spur a supply shock, driving prices even higher. This aligns with an earlier projection from Lightspark CEO David Marcus, who asserted that it is going to be wild for BTC from here on.

Lastly, the analyst highlighted the growing global liquidity as a win for Bitcoin. The M2 money supply recently reached a new all-time high as central banks globally resumed economic easing. He shared that the increased liquidity would drive more appetite for Bitcoin, further placing BTC on course for $250,000 by the end of the year.

Interestingly, EliteOptionsTrader noted that if Bitcoin breaks above $127,000, there is a promising chance it will resume a parabolic expansion to extreme highs.

Bitcoin Monthly Chart

Market Veteran Says XRP to Resume Bull Run After Double Bottom Neckline Bounce, Eyes $38 Target

Sam Wisdom Raphael
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Market Veteran Says XRP to Resume Bull Run After Double Bottom Neckline Bounce, Eyes $38 Target

Gert van Lagen, a Dutch market veteran, expects XRP to resume its bull run “parabolically” after recently bouncing off the neckline of its double bottom structure.

Notably, data from van Lagen’s two-week chart shows that this double bottom pattern has formed over seven years, making it one of the most extensive structures in crypto history. Interestingly, analysts often suggest that the longer a structure holds, the greater the uptrend once a breakout occurs.

For the uninitiated, a double bottom is a bullish reversal pattern where the price drops to a similar low twice, with a brief rise in between. When the structure forms, it typically suggests that the downtrend may be ending, especially after the token breaks above the neckline.

XRP Forms Seven-Year Double Bottom

In XRP’s case, the double bottom pattern started forming during the pullback from the $3.8 peak in January 2018. Specifically, the first bottom formed when XRP collapsed to a low of $0.1140 in March 2020 and then recovered to a high of $1.96 by April 2021. This recovery represented the brief rise.

After the $1.96 top, XRP again collapsed to a floor price of $0.2870 in June 2022 on the back of the Terra ecosystem implosion a month before. This represented the second bottom. However, the structure was incomplete until XRP surged to the neckline around $2.

XRP Double Bottom Gert van Lagen
XRP Double Bottom | Gert van Lagen

Notably, this surge occurred during the November 2024 upsurge, as XRP rode on the market momentum from Donald Trump’s victory to reach $2 in early November, completing the double bottom structure. However, amid this rally, XRP also breached the neckline at $2, leading to a decisive breakout.

XRP Retesting Breakout

The rally led to a peak of $3.4 by January 2025, but market forces introduced resistance in this region, pushing XRP below the $3 mark by February and resulting in a sustained consolidation that lasted for over six months.

Nonetheless, despite this pullback, XRP held above the double bottom neckline at $2. This was an undeniable signal of strength. Notably, following breakouts like the one that happened in November 2024, the market often consolidates to retest the neckline and build up strength before the next leg up.

Now, amid the latest market upsurge, XRP has pushed firmly above the $2 neckline region, and Van Lagen believes this is a sign of a much higher uptick. He suggested that XRP is set to resume its bull run “parabolically” after bouncing off the neckline of the double bottom structure.

As a result, the market veteran sets a target of $38, which represents a 1,238% increase from the current price of $2.84. Besides van Lagen, other analysts have also predicted a run toward this price region. For instance, CryptoInsightUK predicted last December that XRP could rally to $35.

Despite the audacious nature of the $38 target, van Lagen believes it is conservative. He cited a similar double bottom breakout from 2017, which led to more than 13,000% increase to $3.8 by January 2018. According to him, this run represented 2x the parabolic target.

Vanguard Takes $9B Stake to Become Largest Shareholder in Bitcoin-Holding Strategy Inc

Zabi
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Vanguard Takes $9B Stake to Become Largest Shareholder in Bitcoin-Holding Strategy Inc

Investment giant Vanguard has become the largest shareholder in Strategy Inc., the most prominent corporate holder of Bitcoin.

Vanguard Group, the world’s second-largest asset manager, became the biggest institutional shareholder in Strategy Inc. (aka MicroStrategy), despite the firm’s repeated warnings against investing in cryptocurrencies.

For context, the $10 trillion asset manager has acquired more than 20 million shares of Strategy, giving it nearly an 8% stake in the company’s Class A stock. Notably, the stake is worth approximately $9.26 billion.

Meanwhile, the position was not the result of a direct bet on Bitcoin but an outcome of Vanguard’s passive index-tracking strategy.

Bitcoin Exposure via Passive Investing

Strategy, under the leadership of Michael Saylor, has transitioned from a software company into a corporate vault for Bitcoin. With more than 601,500 BTC on its balance sheet, the company has become the most prominent public Bitcoin holder.

As Strategy gained market relevance, it entered into major equity indices. This inclusion forced passive funds, such as those managed by Vanguard, to purchase shares regardless of the company’s crypto focus.

Consequently, Vanguard, known for promoting conservative asset allocations, now holds one of the largest indirect Bitcoin exposures in the institutional world.

Clash Between Philosophy and Portfolio

The development highlights a widening gap between Vanguard’s philosophy and the reality of its portfolio. For years, the firm has criticized Bitcoin for lacking intrinsic value and dismissed it as a speculative asset. Yet, its indexing model has pulled Bitcoin exposure into its funds without a change in official stance.

Critics argue this reflects a deeper flaw in modern asset management. In a public post, Matthew Sigel, Head of Digital Assets Research at Vaneck, described Vanguard’s stake as “institutional dementia.” He cited the contradiction between the firm’s anti-crypto rhetoric and its passive exposure.

The Cost of Automation

This case underscores how automation in asset allocation can override an institution’s stated investment principles. Passive investing was once praised for its simplicity and efficiency. However, it can inadvertently expose firms to volatile or controversial assets simply due to index composition.

Meanwhile, Vanguard has not issued a statement changing its position on crypto assets. Yet, the Strategy stake has reignited debates around whether firms can remain ideologically consistent while managing trillions in automated portfolios.

With institutional exposure to crypto assets quietly growing, Vanguard’s Strategy stake may be a signal of what’s to come: a financial ecosystem where crypto finds its way into portfolios not by conviction, but by default.

Expert Says Many Investors Regret Not Buying XRP Below $3

Lele Jima
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Expert Says Many Investors Regret Not Buying XRP Below $3

Popular XRP advocate Edoardo Farina believes that many investors now regret not accumulating more XRP before its latest rally.

XRP experienced significant gains over the past few days, soaring from a 7-day low of $2.27 to $3 yesterday, marking a surge of 32.15%. As XRP reclaimed $3, Farina, the founder of Alpha Lions Academy, expressed that some investors wished they had accumulated more XRP tokens. 

Investors Missing Out on XRP Below $3 

In a tweet, Farina revealed that many investors messaged him directly to express their regret over missing the chance to buy XRP below $3.

This followed XRP’s rally to the $3 mark yesterday, its first time above that level since February 1, 2025. Given XRP’s strong rally over the past few days, it’s expected that some investors now regret buying only a small amount, or none at all. 

XRP Presented Opportunities 

Meanwhile, several community members believe investors had numerous opportunities to accumulate XRP at discounted prices. 

For instance, after XRP plunged below the $3 mark on February 1, it further slumped to $1.94 two days later, precisely on February 3. Despite reclaiming $2 the following day, investors had another opportunity to accumulate more tokens at discounted prices several months later. 

Specifically, XRP’s price crashed to $1.64 on April 7, following Donald Trump’s announcement of tariffs against several countries. The announcement had a bearish impact on the broader financial markets, with crypto having its fair share of the downturn. 

While some investors took advantage of the dip to grow their XRP holdings, others sat on the sidelines, fearing that the trade war might escalate. However, XRP rebounded, trading above $2 for most parts of May and June. 

Since this month, XRP has traded above $2, with its price reaching a multi-month high of $3.02 yesterday. It has since plunged below $3 to $2.85, where it currently trades. 

Farina Optimistic About XRP’s Prospects

Meanwhile, Farina has remained enthusiastic about XRP’s prospects, believing the asset will make many rich. He has been urging investors to accumulate XRP since the token was trading around $0.50.

In October 2024, the Alpha Lions Academy founder emphasized that investors should aim to accumulate a minimum of 10,000 XRP. Last month, he suggested that owning 10,000 XRP, which was worth around $5,000 in early October 2024, has become a luxury following the recent price surge. 

With XRP currently trading at $2.85, a portfolio of 10,000 XRP is now worth $28,500, representing an increase of 470% from its $5,000 valuation back in October 2024. 

Notably, Farina believes the coin will surpass $100 in the future, where he plans to sell some of his holdings. In his view, it would be a costly mistake for investors to sell XRP when it reaches $10.

Expert Explains Why XRP Price Can’t Even Stay Above $3

Abdulkarim Abdulwahab
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Expert Explains Why XRP Price Can’t Even Stay Above $3

After its recent rally past the $3 mark, XRP has again slipped below this psychological level, triggering frustration and fresh theories among its supporters.

According to Versan Aljarrah, co-founder of Black Swan Capitalist, the issue isn’t a lack of value, but something deeper.

XRP Falls Below $3 Again

For context, XRP briefly surged above $3 amid the broader crypto market’s bullish momentum, which had persisted since last week. Notably, XRP had traded below this psychological level for five months before reclaiming the $3 mark on July 14.

However, it failed to hold the level or even close above it. At press time, XRP is trading around $2.86. While this still marks a 27% gain over the past week, the inability to sustain $3 has reignited discussions about the forces that determine XRP’s price.

For many in the community, this isn’t just another case of market volatility but evidence of something more deliberate.

“It Threatens Everything,” Says Aljarrah

Aljarrah took to X to share the bold take that XRP’s price suppression is intentional, not coincidental. According to him, the asset’s potential to disrupt the financial system is precisely why it struggles to maintain upward momentum.

“XRP can’t even stay above $3 because it threatens everything,” Aljarrah argued. In his view, XRP challenges the status quo, exposes systemic flaws, and disrupts fraudulent practices. In his view, these have led to XRP’s suppression.

Aljarrah also pointed out that despite its unique utility, XRP still follows Bitcoin’s four-year market cycle, which he sees as part of a broader pattern tied to systemic financial manipulation.

Suppression Theories Gain Steam

Aljarrah’s view echoes the beliefs of many XRP advocates. They often argue that certain entities strategically keep the token undervalued due to its potential to offer an alternative to the current financial infrastructure.

Theories frequently point to coordinated trading activity, regulatory struggles, and even Ripple’s own monthly token releases as possible tools for suppressing price action.

Meanwhile, Ripple CTO David Schwartz has repeatedly dismissed such claims. He has questioned the community’s emphasis on price, noting that market movements often don’t align with a project’s real-world utility.

Schwartz added that while XRP’s current price may not reflect its true value or problem-solving potential, it could do so over the long term.

XRP’s Future: “Decoupling from the Debt Cycle”

In his post, Aljarrah also speculated about a future where XRP decouples from Bitcoin’s four-year halving cycle. He suggested that true price discovery will only occur when XRP breaks free from “the shadow market.”

When that happens, he says, “it’s over,” implying an explosive independent move for XRP, free from perceived systemic restraints.

Don’t Sell Your Cardano Until It Reaches $5 This Cycle: Analyst

Elendu Benedict
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Don’t Sell Your Cardano Until It Reaches $5 This Cycle: Analyst

Despite the Cardano trend below $1, a top market analyst has warned against selling ADA this cycle before a six-fold rally.

After a period of massive price uptrend, Cardano and the broader crypto market have consolidated slightly in the past 24 hours. For context, ADA is down 3.82% over the past day, correcting from a high of $0.76 yesterday.

Nonetheless, its trajectory appears to still be up only from here, at least according to a recent analysis. Specifically, Mr. Banana has urged Cardano holders not to sell short of a new all-time high of $5 this bull cycle.

Cardano Will Reach $5

The analyst shared in a Monday tweet that Cardano will break its current all-time high of $3.10 this cycle. This confident projection comes despite ADA being 76% away from the price mark.

Notably, he projected a rally to $5 this cycle, which is about 594% away from its current price of $0.72. Until Cardano gets to this price target this cycle, he argued that anyone selling is not realizing ADA’s full bullish potential.

When asked why he projected the price target, Mr. Banana stated that it is mainly due to strong fundamental analysis of the Cardano ecosystem. However, he did not provide further perspective on this claim.

Nonetheless, the Cardano community has been buzzing amid strategic developments. First, the ecosystem has progressed in its course to unlock Bitcoin DeFi with the recent Lace Wallet rollout boosting momentum.

Furthermore, a Cardano spot exchange-traded fund (ETF) could launch soon. A recent disclosure from Bloomberg’s senior ETF analyst Eric Balchunas suggests that there is a 90% chance of approval for the ADA-focused investment product before the end of 2025.

Several other bullish fundamentals, like Cardano’s addition to the five assets in the US crypto stockpile and founder Charles Hoskinson’s mention in Donald Trump’s crypto cycle, have all sparked optimism among ADA proponents.

Notably, an earlier parallel analysis suggests these developments should take Cardano to $10 this cycle.

Cardano Ready for a Massive Move

Meanwhile, Mr. Banana identified a new price development in a parallel tweet, suggesting that Cardano is about to take off. He noted that the blue-chip asset is getting ready for a massive move as it approaches a major resistance level.

For context, ADA’s 25% growth last week has brought prices closer to a support-turned-resistance zone. Notably, Cardano faced a strong rejection in the area around $0.80 in May after dropping below the support with its bearish trends in April.

Cardano Nears Resistance Mr. Banana
Cardano Nears Resistance | Mr. Banana

If the current bullish momentum endures and ADA breaks the supply zone, the analyst predicts a rally past the $1 price mark. Remarkably, the coin last traded above $1 in December 2024, when it rallied to $1.32.

XRP Is “Screaming All-Time Highs,” Says Analyst, But It Must Clear This Level First

Sam Wisdom Raphael
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0
XRP Is “Screaming All-Time Highs,” Says Analyst, But It Must Clear This Level First

XRP is showing strong signs of an incoming breakout, and market analyst Ali Martinez believes it is preparing to reach new all-time highs. 

In his latest analysis, Martinez revealed that XRP is “screaming all-time highs” as it pushes toward the $3 resistance level. The veteran market watcher believes a solid weekly close above $3 could open the way for a rally to $4.8.

XRP Looking to Break Above Parallel Channel

Martinez’s chart reveals that XRP recently hit the $3 mark before pulling back slightly. It now trades around $2.87 as the wider crypto market cools off following a wave of sharp gains that pushed Bitcoin to record levels. Despite this dip, XRP still holds a bullish structure and looks ready to retest the $3 zone.

Notably, for over seven months, since January 2025, XRP has moved within a range, holding support at $2 and facing resistance at $3. Within this period, it has repeatedly attempted to push above $3 but to no avail. In contrast, the bulls have also defended the $2 support fervently.

Interestingly, this current setup resembles the channel XRP formed between August 2023 and November 2024, when it traded between $0.4 and $0.74. Back then, once XRP broke above the $0.74 resistance in November 2024, it quickly soared past $1 and $2.

Ali Charts on X
Ali Charts on X

Martinez believes XRP is repeating that same pattern. His chart shows that XRP has built a similar consolidation structure and could follow through with another explosive breakout. 

A Push Above $3 Leads to New All-Time Highs

If XRP breaks above $3, Martinez expects minor resistance at $3.4, a level that rejected the price in January 2025. Data from his chart also reveals the 2018 all-time high at $3.8 as another hurdle. Once XRP clears these levels, the analyst sees a clear path toward a mid-term target of $4.8.

XRP 1W Chart
XRP 1W Chart

Moreover, the Directional Movement Index (DMI) looks extremely promising. Specifically, the Average Directional Index (ADX) currently stands at 25. This figure suggests XRP is entering a strong trend. 

Meanwhile, the Positive Directional Indicator (+DI) has climbed to 23.6, indicating that there is growing buyer strength. On the other hand, the Negative Directional Indicator (–DI) has dropped to 15.47, which means sellers are losing control.

Essentially, this growing gap between the +DI and –DI suggests bulls are gaining momentum. As long as the ADX continues to hold or move above 25, XRP’s uptrend will remain intact, with the potential to build further strength.

Long-Term XRP Targets

Meanwhile, Martinez previously highlighted XRP’s breakout from a massive seven-year symmetrical triangle in November 2024 when it breached the upper trendline of the previous channel. 

Since this breakout, XRP has spent the first half of 2025 consolidating its gains. Martinez argued that when zoomed out, it is hard not to go all in. Based on Fibonacci extensions from this earlier analysis, he identified even more ambitious targets of $8.96, $16.17, and $26.24.

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