Analysts: XRP Could Reach $12 After Holding Long-Term Support

Analysts say XRP could reach $12 after the token held a long-term rising-channel support near $1.30–$1.40. The outlook is based on technical charts showing XRP at a multi-year trendline and on recent flows into U.S. spot XRP exchange-traded funds.

On a monthly chart, analyst MikybullCrypto shows XRP trading inside a rising channel that has guided price action since 2014 and is now near the channel’s lower trendline around $1.30–$1.40. The analyst wrote the token is “probably going to $12,” a level that roughly aligns with the channel’s midpoint. Momentum indicators on the monthly chart have cooled toward a historical support zone: the relative strength index is near 40–45, a range that preceded previous rallies.

Another analyst, posting as JD, flagged the same RSI area as a potential “cycle bottom.” JD’s two-week chart displays a breakout from a multi-year symmetrical triangle followed by a pullback to retest the breakout area. JD projected a target band near $8–$14 if the retest holds.

XRP has risen roughly 30% from its February lows near $1.11. Traders point to renewed risk appetite after a US–Iran ceasefire and to product developments such as Rakuten Wallet’s integration of XRP in Japan. U.S. spot XRP ETFs recorded $81.6 million of inflows in April and about $28.17 million in the first week of May.

Analysts also noted downside risks. The bears could push the price below the channel’s lower trendline, which overlaps the token’s 50-month exponential moving average near $1.33. A decisive break below that support cluster would invalidate the rising-channel structure and shift technical focus to the 100-month EMA around $0.93, a level about 30% below current prices. A comparable decline happened during the 2022 bear market.

XRP is the native token of the Ripple network and is traded across global crypto markets. Near-term direction will depend on whether technical support at the channel’s lower trendline and the 50-month EMA hold, and on whether ETF inflows and broader market risk appetite continue.