TLDR
- XRP is up ~30% from its February low of $1.11, currently trading around $1.41
- Analyst MilkybullCrypto says XRP is “probably going to $12” based on a long-term rising channel
- XRP whale inflows to Binance have dropped to a four-year low at 736 million XRP, down from 2.6 billion in March
- US spot XRP ETFs pulled in $81.6 million in April, with $28.17 million already in the first week of May
- A break below the $1.33 support zone could push XRP toward $0.93, a ~30% drop
XRP has bounced roughly 30% from its February lows near $1.11, and analysts are now pointing to a possible run toward $12 based on long-term chart patterns and shifting on-chain data.
Analyst MilkybullCrypto shared a monthly chart showing XRP trading inside a rising channel that dates back to 2014. The price is currently near the channel’s lower trendline, a zone between $1.30 and $1.40 that has previously acted as a base for large rallies. MilkybullCrypto said XRP is “probably going to $12,” which aligns with the channel’s midpoint.
$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
XRP’s monthly RSI has cooled to the 40–45 range, a level that has historically appeared before major price moves higher. Analyst JD also flagged this zone as a potential cycle bottom signal.
JD’s two-week chart shows XRP breaking out of a multi-year symmetrical triangle and pulling back to retest the breakout area. His projected target zone sits between $8 and $14.
Whale Activity Points to Reduced Selling Pressure
On-chain data adds weight to the bullish case. CryptoQuant data shows XRP whale inflows to Binance have fallen to 736 million XRP, down from 2.6 billion in early March. That is a four-year low.
Lower exchange inflows from whales typically suggest less intent to sell. Historically, similar drops have come before supply shocks that pushed prices higher.
Analyst Dom noted that despite $35 million in XRP being sold on Binance over the past seven days, buyers continued placing new orders to absorb that pressure. Dom said a move above $1.47, combined with strength in Bitcoin, could trigger a major rally. High-volume price targets on his 12-hour chart sit near $1.80 and $2.10.
With $XRP's apex fast approaching in May, a decisive break of this structure is likely to be around the corner…
Even if we sweep towards the $0.90/$0.70 targets, the macro trajectory is STILL North.
Appreciate the coverage @MoonLamboio 🫡 pic.twitter.com/MsPfx8wgF1
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) May 7, 2026
Crypto analyst ChartNerd (@ChartNerdTA) posted on X that with XRP’s apex approaching in May, “a decisive break of this structure is likely around the corner.” He noted that even a sweep toward the $0.90–$0.70 range would not change the broader upward trajectory, describing the macro direction as still pointing north.
ETF Inflows Provide Additional Support
US spot XRP ETFs recorded $81.6 million in net inflows during April, their strongest monthly figure of 2026. The first week of May added another $28.17 million. Total net asset value across XRP ETFs now stands at $1.43 billion. TradFi firm UBS has also invested in the Grayscale XRP ETF.
Rakuten Wallet integrated XRP in Japan, expanding the token’s reach in one of crypto’s largest retail markets.
XRP is currently trading near $1.41, with a 24-hour range of $1.40 to $1.46.
