Ripple’s XRP at $1.3: Is a 6.8X Rally Next as Ledger Transaction Volume Explodes to $49.7 Billion?

Market analyst Ali Martinez noted that XRP transfers across the XRP Ledger surged to $49.70 billion as XRP traded around $1.25 and recovered near that support level, a price where buyers had previously stepped in; CoinGecko data later showed it at $1.29. Martinez said holding $1.25 with stronger buying could set up an attempt at $2. Analyst Diana said XRP’s chart may echo its 2024 rise from $0.50 to about $3.40, a roughly 6.8-fold gain, and listed chart-based upside targets of $6.08, $8.772 and $9.24. Veteran trader Peter Brandt identified a cup-and-handle pattern, a chart formation, that could target $2.16 on a breakout, while some supporters criticized Ripple CEO Brad Garlinghouse over partnership announcements amid weak price performance.