A 65,900% price surge. That’s what happened the last time XRP hit the trendline it’s sitting on now — back in 2017, when the token was trading for less than a penny.
Related Reading: Bitcoin Eyes $90K As Bears Get Burned Again Amid $30B Open Interest Surge
Pattern Repeats At Key Support
Market analyst Mikkybull pointed this out this week, highlighting a multi-year ascending parallel channel that has shaped XRP’s price movement since its early days. The channel has three parallel trendlines — lower, middle, and upper. XRP has now dropped to the lower trendline for only the third time in its history, a level Mikkybull calls critical because of what happened after each of the previous two touches.
The first time was in February 2017, when XRP fell to $0.0050. Within about a year, the price climbed to $3.31 — a rise of over 65,000%. The second retest happened in November 2024, when XRP slid to around $0.50. From there, the token rallied to $3.40 by January 2025, a gain of about 500% in three months. Reports suggest that rally was partly fueled by optimism around US President Donald Trump’s election victory.
$XRP is on a critical level that usually triggers a strong rebound
Probably going to $12 the midpoint value pic.twitter.com/scRH3GqAxs
— MikybullCrypto (@MikybullCrypto) May 7, 2026
Now XRP is trading at about $1.38, down from a recent high of $1.4567 after a broader market pullback. Bitcoin, which briefly reclaimed $82,000, fell back to around $79,700 during the same period. Altcoins followed suit.
$12 Target Emerges From Channel Math
Based on Mikkybull’s chart analysis, a recovery from the current level could push XRP toward $12 — the midpoint value within the ascending channel. That would be a new all-time high for the asset, beating the $3.60 record set in January 2025, and would require a gain of roughly 760% from where XRP trades today.
For that move to start, XRP first needs to break above a descending trendline that has capped its price since January. The token has been trending downward within that structure for months, and Mikkybull says clearing that resistance is the key to any meaningful upside.
Related Reading: Altcoins Aren’t Going Anywhere — Even After Brutal Crashes: Arthur Hayes
Another analyst, Myles G, added to the bullish case from a different angle. According to his analysis, XRP has been forming a symmetrical triangle over several months and is nearing a breakout point. He simply wrote that XRP is “about to launch.”
Two Analysts, One Directional Call
The timing of both analyses isn’t a coincidence. XRP dropped 2.50% on Thursday, May 7 — its steepest single-day fall in nearly three weeks — before stabilizing near current levels. That dip pushed the price back into contact with the lower channel trendline Mikkybull has been tracking.
Featured image from Pixabay, chart from TradingView
Frequently Asked Questions
Here is a list of FAQs about the recent XRP rally signal and the speculation around a 12 price target written in a natural conversational tone
BeginnerLevel Questions
1 What exactly is this historic rally signal everyone is talking about
It refers to a technical chart pattern that XRP hasnt shown since before its massive 2017 rally Traders see this as a sign that a big price increase could be starting soon
2 Does this signal mean XRP will definitely hit 12
No A rally signal is just a strong hint based on past data not a guarantee Prices can change quickly due to news market crashes or regulatory changes 12 is a speculative target not a promise
3 If the price goes to 12 how much money would I make if I buy 100 worth now
If XRP is currently around 050 100 buys you about 200 XRP At 12 those 200 coins would be worth 2400 Thats a 2300 gain but remember its a highrisk bet
4 Is this a good time for a beginner to buy XRP
Its exciting but risky The signal suggests momentum but prices often jump before beginners hear the news Only invest money you can afford to lose and consider buying in small amounts rather than all at once
5 What is XRP used for besides trading
XRP is designed for fast cheap international payments Banks and payment companies use it to move money across borders in seconds unlike traditional systems that take days
AdvancedLevel Questions
6 What specific technical indicator triggered this historic signal
Most analysts point to the weekly MACD crossing above its signal line for the first time in years or a break above a longterm descending trendline that has capped prices since 2018 These are rare highconviction patterns
7 How does XRPs ongoing legal battle with the SEC affect this rally signal
The recent partial court win removed a massive legal cloud The rally signal is stronger