XRP Flashes Rebound Signal, Fueling $12 Price | XRP News
A 65,900% price surge. That’s what adopted the final time XRP touched the trendline it’s sitting on proper now — back in 2017, when the token was trading at much less than a penny.
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Pattern Repeats At Key Support
Market analyst Mikkybull flagged the development this week, pointing to a multi-year ascending parallel channel that has formed XRP’s price motion since its early days.
The channel has three trendlines operating in parallel — decrease, center, and higher. XRP has now dropped to the decrease trendline for less than the third time in its historical past, a degree Mikkybull describes as essential as a result of of what has adopted every of the earlier two touches.
The first got here in February 2017, when XRP fell to $0.0050. Within roughly a 12 months, the price climbed to $3.31 — a rise of over 65,000%.
The second retest occurred in November 2024, when XRP slid towards $0.50. From there, the token rallied to $3.40 by January 2025, a gain of about 500% in three months. Reports point out that rally was partly pushed by optimism surrounding US President Donald Trump’s election victory.
$XRP is on a essential degree that normally triggers a robust rebound
Probably going to $12 the midpoint worth pic.twitter.com/scRH3GqAxs
— MikybullCrypto (@MikybullCrypto) May 7, 2026
Now XRP sits at roughly $1.38, having slipped from a current high of $1.4567 following a broader market pullback. Bitcoin, which had briefly reclaimed $82,000, pulled back to round $79,700 in the identical period. Altcoins adopted.
$12 Target Emerges From Channel Math
Based on Mikkybull’s chart evaluation, a restoration from the present degree might ship XRP towards $12 — a determine that represents the midpoint worth within the ascending channel.
That would mark a new all-time high for the asset, surpassing the $3.60 report set in January 2025, and would require a gain of roughly 760% from the place XRP trades as we speak.
For that transfer to start, XRP first wants to interrupt above a descending trendline that has capped its price since January. The token has been trending downward within that construction for months, and Mikkybull says clearing that resistance is the set off for any significant upside.
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A second analyst, Myles G, added weight to the bullish case from a completely different angle. According to his evaluation, XRP has been forming a symmetrical triangle over the course of a number of months and is approaching a breakout level. He wrote merely that XRP is “about to launch.”
Two Analysts, One Directional Call
The timing of each analyses will not be coincidental. XRP dropped 2.50% on Thursday, May 7 — its steepest single-day fall in practically three weeks — earlier than steadying close to present ranges. That dip is what pushed the price back into contact with the decrease channel trendline Mikkybull has been monitoring.
Featured image from Pixabay, chart from TradingView
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