XRP 'probably going to $12' as price holds historical bottom zone for months

Written by Yashu Gola, Staff Writer. Reviewed by Allen Scott, Staff Editor. Written by Yashu Gola, Staff Writer. Reviewed by Allen Scott, Staff Editor. XRP 'probably going to $12' as price holds historical bottom zone for monthsMarketsPublishedMay 7, 2026XRP is retesting a key multi-year support zone that has historically preceded major rebounds, with analysts predicting a rally toward $12 if the level holds.XRP (XRP) is testing a key long-term support level that has historically preceded major rebounds, according to a monthly chart shared by analyst MikybullCrypto.Key takeaways:XRP has jumped by roughly 30% from its February lows.Multiple fractals suggest the price is bottoming out, supported by strong XRP ETF inflows.XRP chart hints at rebound toward $12Milkybull's chart shows XRP trading inside a rising channel that has guided price action since 2014. XRP is now near the channel’s lower trendline around $1.30–$1.40, a zone that previously acted as a launchpad for large upside moves.XRP/USD monthly chart. Source: TradingView/MilkybullCryptoThe analyst says XRP is "probably going to $12," a level that roughly aligns with the channel’s midpoint. Momentum indicators support the rebound thesis. XRP’s monthly relative strength index (RSI) has cooled toward a historical support area near 40–45, similar to levels that appeared before past rallies.In a Thursday post, analyst JD pointed to the same RSI support zone as a potential “cycle bottom” signal for XRP. His two-week chart shows XRP breaking out of a multi-year symmetrical triangle, then pulling back toward the breakout area. XRP/USD two-week chart. Source: TradingView/JDThe chart’s projected green target zone aligns with the $8–$14 range, implying strong upside if XRP holds the retest zone.The bullish outlooks follow XRP's sharp rebound in recent weeks, up by about 30% from its February lows at around $1.11. Related: XRP price copies 2025 chart fractal that last time sparked 66% gainsIn the period, XRP has la…

XRP 'probably going to $12' as price holds historical bottom zone for months

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