Analysis reveals that XRP is well-positioned for a breakout and climb towards a target of $12.60, fueled by strong technical indicators and supportive network growth. Ripple’s expanding stablecoin ecosystem, potential spot ETF approval by the SEC, and multi-year chart patterns all point to this bullish trajectory. 36Crypto looks at three key factors: the ongoing increase in XRP Ledger value locked ($85 million), surging stablecoin activity (reaching over $167 million) and the anticipated influx of institutional investment from spot ETF approvals. The potential for a significant price surge is also supported by technical signals, including a cup-and-handle pattern on the daily chart with a potential breakout towards the $5 mark.