XRP bulls may finally have something to cheer for, as the digital asset is now retesting a multi-year support zone that has historically functioned as a springboard, leading to a bullish reversal in the digital asset’s price. If the rally sustains, XRP’s ascent to $12 cannot be ruled out.
XRP enters historical reversal zone
Crypto analyst MikybullCrypto recently shared a monthly XRP chart on X, adding that if history repeats itself, then the cryptocurrency can eye a price target as high as $12 in the coming months.
The chart shows the cryptocurrency trading inside a long-term rising channel since 2014. Currently, the crypto asset is close to the lower range of the channel – hovering between $1.30 and $1.40. Historically this price range has functioned as a reliable reversal area.
The crypto analyst remarked that XRP may go to $12. This ambitious price target aligns with the midpoint of the rising channel. Besides the bullish sentiment, there are real indicators that support the thesis.
XRP’s RSI suggests a breakout to $8 – $14
For example, XRP’s monthly relative strength index (RSI) has come down toward a major support area between 40 and 45. This level has previously preceded major price rallies for the digital asset.
Another analyst, JD, recently confirmed MikybullCrypto’s assessment. In a separate post, JD noted that the current RSI zone has formerly worked as a dependable cycle bottom for XRP.
The following two-week chart shows the asset breaking out of a multi-year symmetrical triangle before falling back to the breakout area. According to the chart, XRP’s target zone lies between $8 and $14, indicating a strong upside potential.
XRP benefitting from recent developments
Since its February 2026 lows around $1.11, XRP has recorded gains to the tune of 29.7 percent. The renewed positive sentiment toward XRP can be attributed to multiple factors.
For instance, the recent integration of Japan’s Rakuten Wallet with XRP made it possible for the users to spend the cryptocurrency through a loyalty points network. As a result, XRP got instant access to a major Japanese consumer ecosystem.
Similarly, U.S.-based spot XRP exchange-traded funds (ETFs) are seeing strong inflows, after a net outflow seen in March 2026.
While April 2026 saw total net inflows worth $81.59 million, total inflows until May 7 have amounted to $28.17 million, showing strong institutional interest in XRP.
