A price increase of 65,900%. This is what followed the last time XRP touched the trend it has now – back in 2017, when the token was trading for less than a penny.
Collaborative Reading
The Pattern Repeats on Support Systems
Market analyst Mikkybull announced the development this week, pointing to a multi-year rising trend that has shaped XRP’s price movements since its early days.
The system consists of three directions running in parallel – bottom, middle, and top. XRP images now relegated to the relegation zone for only the third time in his history, Mikkybull’s level explains that it is difficult because of what followed the previous two touches.
The first came in February 2017, when XRP fell to $0.0050. In about a year, the price rose to $3.31 – a 65,000% increase.
The second iteration took place in November 2024, when XRP dropped to $0.50. From there, the token rose to $3.40 by January 2025, a gain of almost 500% in three months. Reports indicate that the meeting was driven by optimism about the victory of US President Donald Trump.
$XRP it is at a critical level that often leads to strong repetitions
Maybe go to the $12 price point pic.twitter.com/scRH3GqAxs
– MikybullCrypto (@MikybullCrypto) May 7, 2026
Now XRP is around $1.38, having dropped from the recent price of $1.4567 following the market reversal. Bitcoin, which briefly recovered to $82,000, bounced back to $79,700 during the same period. Altcoins followed.
$12 Goal Comes from Channel Math
Based on Mikkybull’s chart analysis, a recovery from the current level can send XRP to $12 – an image that represents the central value within the ascending path.
This would be a new high, surpassing the $3.60 record set in January 2025, and would require a gain of about 760% from where XRP is trading today.
In order for this move to start, XRP needs to fall below the price it has been in since January. The token has been trending downwards within the system for months, and Mikkybull says confirmation that resistance is the cause of any upgrade.
Collaborative Reading
A second analyst, Myles G, added weight to the bullish case from another angle. According to his analysis, XRP has been forming a similar triangle for a few months and is approaching the starting point. He simply wrote that XRP “is about to be launched.”
Two Investigators, One Directional Call
The timing of all these analyzes is no coincidence. XRP fell 2.50% on Thursday, May 7 – its biggest one-day drop in nearly three weeks – before settling near the trend line. This drop is what brought the price back into line with the downward trend that Mikkybull has been following.
Image taken from Pixabay, chart from TradingView
