TLDR
- XRP has gained approximately 30% since bottoming at $1.11 in February, now hovering around $1.41
- Crypto analyst MilkybullCrypto projects XRP could reach $12 based on a decade-long ascending channel pattern
- Whale deposits to Binance have plummeted to 736 million XRP, marking a four-year low from 2.6 billion recorded in March
- Spot XRP exchange-traded funds in the United States attracted $81.6 million during April, followed by $28.17 million in May’s opening week
- Losing the $1.33 support level could send XRP down to $0.93, representing a potential 30% decline
XRP has staged an impressive recovery of approximately 30% from its February bottom near $1.11, prompting analysts to highlight the possibility of a substantial advance toward $12 based on technical formations and evolving blockchain metrics.
Crypto analyst MilkybullCrypto presented a monthly timeframe chart illustrating XRP’s movement within an ascending channel formation originating in 2014. The current price action sits close to the channel’s lower boundary, a region spanning $1.30 to $1.40 that has historically served as a foundation for significant upward moves. According to MilkybullCrypto, XRP appears positioned to climb toward $12, corresponding with the channel’s median level.
The monthly Relative Strength Index for XRP has retreated to the 40–45 territory, a threshold that has frequently preceded substantial bullish movements in past cycles. Technical analyst JD identified this zone as a potential indicator of a cyclical bottom formation.
JD’s bi-weekly chart analysis reveals XRP completing a breakout from a prolonged symmetrical triangle pattern and returning to retest the breakout region. His price projection places the target zone between $8 and $14.
Blockchain Metrics Indicate Diminished Selling Force
Data from blockchain analytics platform CryptoQuant reinforces the optimistic outlook. XRP whale transfers to Binance have decreased dramatically to 736 million tokens, down from 2.6 billion registered in early March. This marks the lowest level in four years.
Reduced exchange deposits from large holders generally indicate decreased selling intentions. Previous instances of similar declines have preceded supply contractions that catalyzed upward price movements.
Analyst Dom observed that despite approximately $35 million worth of XRP being liquidated on Binance over the preceding seven days, purchasing demand remained robust enough to absorb the selling pressure. Dom suggested that a climb above $1.47, particularly if accompanied by Bitcoin strength, could spark a significant rally. High-volume resistance targets on his 12-hour chart are positioned near $1.80 and $2.10.
Technical analyst ChartNerd (@ChartNerdTA) shared on X that as XRP approaches its apex formation in May, “a decisive break of this structure is likely around the corner.” The analyst emphasized that even a temporary dip toward the $0.90–$0.70 zone would maintain the broader upward trajectory, characterizing the macro trend as continuing to point upward.
Exchange-Traded Fund Capital Flows Strengthen Position
Spot XRP exchange-traded funds in the United States accumulated $81.6 million in net capital inflows throughout April, marking the strongest monthly performance in 2026. May’s opening week contributed an additional $28.17 million. Combined net asset value across XRP ETF products has reached $1.43 billion. Traditional finance institution UBS has established a position in the Grayscale XRP ETF.
Japanese cryptocurrency platform Rakuten Wallet added XRP integration, broadening the asset’s accessibility in one of the world’s most significant retail crypto markets.
XRP trades around $1.41 currently, with the 24-hour price range extending from $1.40 to $1.46.
