The digital currency XRP (XRP-USD) is currently sitting on a massive price floor that could trigger one of the biggest moves in crypto history. On Thursday, the asset stayed near the $1.39 mark, which is a level that has historically served as a major turning point. After jumping 30% from its lowest point in February, many experts believe that XRP is now preparing to blast through its old records.
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MikybullCrypto Charts a $12 XRP Price Path
A well-known market expert named MikybullCrypto shared a new chart showing that XRP is moving inside a giant pattern that first began in 2014. The coin is now touching the very bottom of this “rising channel” between $1.30 and $1.40.
In the past, every time the price hit this specific line, it bounced back with incredible power. The analyst says XRP is “probably going to $12,” which would be a massive leap from its current value. Other analysts, such as JD, also noticed that a momentum tool is showing a “cycle bottom,” suggesting the period of selling is finally over.
Rakuten Expands Real-World Use
A major reason for the new excitement is a recent expansion in the Japanese market. The company Rakuten (RKUNF) integrated XRP into its payment systems, allowing millions of people to use the asset for everyday shopping. This real-world adoption helps build a very strong floor for XRP’s price because it shows the coin has actual value for regular consumers.
At the same time, big investment funds are moving heavily into the asset. In April, XRP investment products saw their best month of the year with over $81 million in new cash, and this trend has continued into the first week of May.
International Peace Boosts Investor Mood
The broader market is also getting a lift from major events happening around the world. A recent ceasefire between the U.S. and Iran has helped investors feel much safer about putting their money into digital assets. This shift in the global mood helped add $120 billion to the total crypto market in just ten hours.
Because people are less worried about global conflict, they are moving more money into coins like XRP that show strong signs of growth on their price charts. With more money flowing in and adoption rising, the path to higher XRP prices looks clearer than ever.
At the time of writing, XRP’s price is sitting at around $1.39.
