3 days ago
Crypto analyst nails XRP prediction as Ripple and SEC case ends
Crypto analyst nails XRP prediction as Ripple and SEC case ends originally appeared on TheStreet.
Ali Martinez, who goes by the handle @ali_charts on X, is one of the most popular crypto analysts who often nails price predictions. As the Ripple vs. SEC case recently reached its end, his prediction on XRP's price action came true.
On Aug. 7, the analyst shared XRP's price analysis chart on X at 12:32 p.m. EDT. It showed XRP forming a symmetrical triangle pattern that is made up of converging trendlines. While the descending line shows upper resistance, the ascending one shows support. The pattern reflects a period of consolidation where price gets squeezed, followed by a breakout.
XRP would target $3.34 after breaking out of the triangle, Martinez predicted.
Then, surprising news came out at 5:16 p.m. EDT on Aug. 7 that the legal case involving the Securities and Exchange Commission (SEC) and Ripple Labs, the company associated with the XRP cryptocurrency, is finally over.
The development had an enormously positive impact on XRP's price trajectory. The cryptocurrency skyrocketed to trade as high as $3.37 following the next day, Martinez didn't forget to remind his followers on X that he had nailed the prediction.
As far as XRP is concerned, its regulatory status in the U.S. is closely related to the outcome of the legal battle that began way back in December 2020.
For now, a landmark court ruling from July 2023 remains intact that classified XRP as a non-security when it is sold via programmatic sale to retail traders on crypto exchanges but ruled that XRP's institutional sale violated U.S. securities laws.
The status of crypto assets such as XRP in the U.S. has been a bone of contention for years. The clarity now could go a long way in making cryptocurrencies mainstream.
XRP was trading at $3.28 at press time, 14% lower than its record high of $3.84 that it hit on Jan. 4, 2018.
Crypto analyst nails XRP prediction as Ripple and SEC case ends first appeared on TheStreet on Aug 9, 2025
This story was originally reported by TheStreet on Aug 9, 2025, where it first appeared.
