A 65,900% price surge. That\u2019s what followed the last time XRP touched the trendline it\u2019s sitting on right now \u2014 back in 2017, when the token was trading at less than a penny.<\/p>\n
Market analyst Mikkybull flagged the development this week, pointing to a multi-year ascending parallel channel that has shaped XRP\u2019s price movement since its early days.<\/p>\n
The channel has three trendlines running in parallel \u2014 lower, middle, and upper. XRP<\/a> has now dropped to the lower trendline for only the third time in its history, a level Mikkybull describes as critical because of what has followed each of the previous two touches.<\/p>\n The first came in February 2017, when XRP fell to $0.0050. Within roughly a year, the price climbed to $3.31 \u2014 a rise of over 65,000%.<\/p>\n The second retest happened in November 2024, when XRP slid toward $0.50. From there, the token rallied to $3.40 by January 2025, a gain of about 500% in three months. Reports indicate that rally was partly driven by optimism surrounding US President Donald Trump\u2019s election victory.<\/p>\n $XRP<\/a> is on a critical level that usually triggers a strong rebound<\/p>\n Probably going to $12 the midpoint value pic.twitter.com\/scRH3GqAxs<\/a><\/p>\n \u2014 MikybullCrypto (@MikybullCrypto) May 7, 2026<\/a><\/p>\n\n Now XRP sits at approximately $1.38, having slipped from a recent high of $1.4567 following a broader market pullback. Bitcoin, which had briefly reclaimed $82,000, pulled back to around $79,700 in the same period. Altcoins followed.<\/p>\n$12 Target Emerges From Channel Math<\/h2>\n