Ethereum’s price stands at $4,403 on Aug. 12, 2025, at 10:45 a.m. Eastern time, supported by a market capitalization of $530.27 billion and a 24-hour trading volume of $43.98 billion. The day’s intraday range spanned $4,196 to $4,435, underscoring heightened volatility as traders tested key resistance levels. Ethereum On the daily chart, ethereum (ETH) maintains
Despite Coinbase CEO Brian Armstrong claiming the exchange's commercial is being censored, it's aired on Channel 4 YouTube videos.
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. Multi-year triangle breakout in Nov 2024 put $XRP bullish target at $12.60. pic.twitter.com/ckjswAfPiv — Ali (@ali_charts) August 12, 2025 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. 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. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 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. Follow us on Twitter , Facebook , Telegram , and Google News The post Multi-Year Triangle Breakout In Nov 2024 Puts XRP Bullish Target at $12.60 appeared first on Times Tabloid .
BitcoinWorld Sonic Labs Testnet 2.1 Unveils Crucial Ethereum Pectra Support Exciting news is rippling through the blockchain community! Sonic Labs testnet 2.1 has officially launched, marking a significant stride for the ambitious layer-1 chain. This isn’t just any update; it brings crucial compatibility with Ethereum’s anticipated Pectra upgrade, setting the stage for enhanced features and robust performance for developers and users alike. What Makes Sonic Labs Testnet 2.1 a Game Changer? Sonic Labs, focused on building a high-performance layer-1 network, recently announced the rollout of its testnet 2.1 via X. This iteration is a pivotal step towards delivering a highly scalable and efficient blockchain. Ethereum Pectra Support: The standout feature is its immediate compatibility with the upcoming Ethereum Pectra upgrade , ensuring Sonic Labs aligns with major advancements. Broader Network Features: The update introduces a wider array of features, providing a comprehensive environment for decentralized application (dApp) development and user interaction. Developer-Centric: Developers now have a robust platform to test, innovate, and deploy applications, leveraging the advanced capabilities of the layer-1 Sonic chain . This launch signals Sonic Labs’ commitment to innovation and preparing its infrastructure for future demands, particularly in achieving high throughput. How Does the Ethereum Pectra Upgrade Boost Blockchain Scalability? The integration of the Ethereum Pectra upgrade is a strategic move for Sonic Labs, directly addressing the critical need for improved blockchain scalability . Ethereum’s upgrades often introduce efficiencies leveraged by compatible layer-1 solutions. For the layer-1 Sonic chain , this means: Enhanced Transaction Processing: By aligning with Pectra, Sonic can potentially process a significantly higher volume of transactions, reducing congestion. This directly contributes to high throughput . Future-Proofing: Compatibility ensures Sonic Labs is current and prepared for future developments within the Ethereum ecosystem. Interoperability Potential: Such integrations often pave the way for smoother interoperability between different blockchain networks. Ultimately, this strategic compatibility strengthens Sonic Labs’ foundation, enabling it to deliver on its promise of a high-performance network. What’s on the Horizon for the Ambitious Layer-1 Sonic Chain? The successful deployment of Sonic Labs testnet 2.1 brings the anticipated mainnet rollout much closer. This testnet phase is crucial for fine-tuning the network, gathering vital feedback, and optimizing for a seamless transition. The team behind the layer-1 Sonic chain is focused on: Optimizing Performance: Continuous testing helps identify and resolve bottlenecks, ensuring the network consistently delivers on its promise of high throughput and reliability. Community Engagement: Encouraging interaction with the testnet provides invaluable real-world data, shaping the final product. Preparing for Mainnet: Every tweak in this phase is a step closer to a stable and robust mainnet launch, expected soon. The dedication to achieving robust blockchain scalability through continuous development and strategic partnerships positions Sonic Labs as a significant player in the evolving DeFi space. The launch of Sonic Labs testnet 2.1 with its vital Ethereum Pectra upgrade support is a monumental achievement for the team. This pivotal step not only showcases their technical prowess but also solidifies their commitment to delivering a high-performance, scalable layer-1 Sonic chain . As the crypto landscape evolves, Sonic Labs is clearly positioning itself to be at the forefront of innovation, promising a future of enhanced blockchain experiences for all. Frequently Asked Questions (FAQs) Q1: What is Sonic Labs Testnet 2.1? A1: Sonic Labs Testnet 2.1 is the latest version of Sonic Labs’ test network, designed for developers and users to test new features of the upcoming layer-1 Sonic blockchain. It includes compatibility with Ethereum’s Pectra upgrade. Q2: What is the Ethereum Pectra upgrade? A2: The Ethereum Pectra upgrade is an upcoming major update to the Ethereum blockchain. It aims to introduce various improvements, including enhancements to scalability, efficiency, and overall network performance. Q3: How does Pectra support benefit the Layer-1 Sonic chain? A3: Pectra support allows the Layer-1 Sonic chain to leverage Ethereum’s advancements, potentially leading to higher transaction throughput and improved blockchain scalability. This helps Sonic Labs achieve its goal of a high-performance network. Q4: When is the Sonic Labs mainnet expected to launch? A4: While a specific date has not been announced, Sonic Labs has indicated that the mainnet rollout is expected soon, following successful testing of Testnet 2.1. Share the Excitement! Found this article insightful? Share the news about Sonic Labs testnet 2.1 and its groundbreaking advancements with your network! Let’s spread awareness about the future of blockchain technology. To learn more about the latest blockchain scalability trends, explore our article on key developments shaping the future of decentralized networks. This post Sonic Labs Testnet 2.1 Unveils Crucial Ethereum Pectra Support first appeared on BitcoinWorld and is written by Editorial Team
The XRP price action is unfolding in line with a textbook Elliott ABC Wave pattern, signaling the potential for its next upward move. According to crypto analyst Dark Defender, the chart structure remains intact and could set the stage for a major rally if the current corrective phase completes as projected. ABC Wave Pattern To Drive XRP To New Highs In Dark Defender’s latest XRP price analysis, the crypto expert outlined a clear Elliott Wave ABC structure on a 4-hour chart, suggesting a potential price surge to new highs if the formation completes. The setup began forming in July 2025 after XRP reached $3.66, marking the starting point for the corrective pattern on the “Dark’s Side” chart. From there, the price began retracing toward the anticipated $2.85 level, successfully establishing Wave A in line with the forecast. Related Reading: Analyst Outlines How Production Cost Determines XRP Price, But Is It Better Than Bitcoin? By early August, XRP rebounded, climbing to $3.33 to form the B Wave top. As a result, Dark Defender’s chart structure remains intact, with the cryptocurrency now positioned in the Wave C phase. The analyst’s projection anticipates a price decline completing this corrective leg before XRP can initiate the next significant upward move. Dark Defender’s chart also highlights critical price interaction points, including exact hits at $3.333 and $3.364 before a rebound. In addition, XRP’s Relative Strength Index (RSI) movements align closely with the wave progression, showing dips at key reversal points and its current momentum staying within the expected zone. According to this wave framework, the next phase hinges on whether XRP can maintain its structure through the end of the corrective cycle. If it does, Dark Defender suggests that the technical setup could open the path for significant upward momentum, potentially positioning the cryptocurrency for its next bullish leg. The trajectory of the green arrow in the chart indicates a possible price rally above $3.8. With XRP trading at $3.14 as of writing, this would represent a significant price increase of over 21%. XRP Price Eyes $5.8 Breakout After Bounce In a follow-up post, Dark Defender noted that XRP bounced precisely from the $3.333 level before resuming its upward movement. This bounce occurred after the Elliott Wave corrective structure pushed prices down from recent highs. Related Reading: XRP $5 Target Remains Intact Despite Price Retrace, Here’s Where It’s Headed Next At the time of the analysis, XRP was trading near $3.06, positioned within a consolidation range that could extend toward the $3.05 area if $3.33 remains a barrier. As mentioned earlier, XRP’s price chart shows an ABC corrective wave in play, with the cryptocurrency now in the middle of the ‘B’ leg’s development. If the $3.33 resistance is decisively cleared, the analyst projects a rapid acceleration toward higher short-term targets at $4.39 and $5.85. At current market prices, this would represent a significant surge of roughly 39.8% and 86.3%, respectively. Dark Defender also notes that support remains firm at $3.05 and $3.00, marking key levels where buyers are expected to step in should prices retrace. Featured image from Getty Images, chart from Tradingview.com