XRP price is drawing renewed bullish attention after holding a major historical support zone for months, with several analysts predicting the token could eventually rally toward the $12 mark if the current market structure remains intact. Technical indicators, ETF inflows, and long-term chart patterns are all contributing to growing optimism around the cryptocurrency’s outlook.
XRP Price Holds Critical Long-Term Support
As per experts, XRP price is now hovering around the bottom end of an ascending trend channel that has been controlling prices since 2014. This region has proven its significance as the starting point for rallies and bullish movements in the past.
Analyst MikybullCrypto forecasted that XRP is “probably going to $12” if the existing trend persists. As per his target prediction, the altcoins’ price would touch the mid-point of its multi-year trading channel.
The momentum oscillators are also backing up the bullish sentiment on the coin. The RSI indicator for the altcoin on a monthly chart is moving towards its support zone in the 40-45 region that was witnessed prior to a strong uptrend.
According to another trader, JD, the cryptocurrency has broken out of its long-term symmetrical triangle formation and then retested its breakout area. The target price for this trader is seen in the $8-$14 region.
Also Read: XRP Bull Run: Explosive 55% Surge Prediction Sparks Debate
ETF Inflows and On-Chain Data Support Recovery
The altcoin has also seen greater institutional interest in the past few months. It is reported that the US spot XRP ETFs witnessed inflows amounting to $81.6 million in April, making it the best monthly inflow total thus far for 2026. Within the first week of May, ETFs have already seen over $28 million worth of inflows.
According to data from Glassnode and CryptoQuant, the on-chain metrics indicate that selling pressure could be waning. This is because of the multi-year lows seen in the exchange balances for the altcoin as many users hold their tokens in self-custody.
Traditionally, low levels of exchange reserves are considered positive for the asset since it means less liquidity to be used in selling off the currency. This trend might indicate good prospects for the price growth of the altcoin due to growing demand.
Moreover, funding rates on derivatives became extremely negative from time to time, which indicates crowded short positions among traders. Previous cycles experienced similar conditions before massive short-squeeze situations.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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