XRP Price Forecasted to Surge Towards $12 Amid Bullish Sentiment and Growing ETF Demand

XRP's price has been on an upward trend since hitting its February bottom, with market analysts predicting a potential surge towards $12.

According to crypto trader MilkybullCrypto, XRP is 'probably going to $12' based on the asset's movement within an ascending channel formation established in 2014. The monthly Relative Strength Index for XRP has declined into the 40-45 territory, which has frequently preceded substantial bullish price action.

The decline of whale exchange deposits to Binance has also contributed to the bullish sentiment. According to CryptoQuant intelligence, XRP whale transfers to Binance have decreased dramatically to 736 million tokens, plummeting from 2.6 billion registered in early March.