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XRP traded largely sideways on Friday as liquidity-driven volatility swept through the broader crypto market.
Notably, over the past week, the token posted a gain of roughly 1%, showing resilience even as selling pressure dragged down several major cryptocurrencies.
However, despite the muted price movement, analysts remain bullish, saying XRP may be approaching a key turning point that could trigger a major rally in the coming months.
According to analyst JD, XRP’s Relative Strength Index (RSI) is approaching a key long-term trendline that has previously marked cycle bottoms.
The analyst argued that the current setup resembles earlier periods that preceded strong rebounds for the cryptocurrency. He suggested that if the present structure ultimately hits the market bottom, the opportunity could be massive for long-term investors.
 
The analyst also highlighted specific “buy heavily” and “sell heavily” zones on his chart, which may indicate a favorable accumulation range for XRP.
Additionally, crypto commentator MikybullCrypto said XRP has reached a “critical level” that has previously triggered strong rebounds. According to the analyst, if history repeats itself, XRP could potentially surge toward $12.
A move toward $12 would likely require several supportive factors to align simultaneously, including improving market sentiment, sustained capital inflows into the crypto sector, and broader bullish momentum across large-cap digital assets. Regulatory clarity surrounding XRP could also play a major role in strengthening investor confidence.
Meanwhile, analyst ChartNerd focused on XRP’s long-term chart structure, specifically referencing the Gaussian Channel. The analyst noted that XRP has historically formed macro bottoms only after touching the lower regression band of the channel.
According to the analyst, the current correction may still be incomplete because the chart has not yet produced a point of control (POC) within the ongoing pullback.
He also highlighted the correlation between monthly ribbon indicators, suggesting that XRP may still be navigating a crucial stage before confirming a larger trend reversal.
At press time, XRP was trading at $1.48, reflecting a 4.65% drop in the past 24 hours.