XRP Rally to $12: Technical Setup Mirrors 2015 Bitcoin Boom, Analyst Signals Wave 5 Breakout

XRP is flashing a striking technical resemblance to major bull markets of the past, and analysts are eyeing a potential surge to $12 in the coming wave structure. The setup mirrors conditions seen during 2015 bitcoin price momentum, when similar consolidation patterns preceded explosive rallies.

Current Momentum: Breaking Free from Downtrend

After struggling through October and November, XRP has started displaying renewed strength in December. The token has already climbed 13.73% over the past seven days, now trading at $2.12, signaling that buying pressure is intensifying following months of weakness.

The Wave 5 Thesis: Historical Patterns at Play

Market watchers have identified XRP’s current positioning within an extended wave structure. The most compelling observation comes from technical analysis comparing RSI (Relative Strength Index) accumulation to previous bull cycles in 2015 and 2022. According to analyst Maelius, these periods featured similar consolidation mechanics before significant breakouts.

The hypothesis suggests that Wave 5 could align with a secondary RSI rebound top—essentially, a technical condition where the asset reaches overbought territory on the indicator, historically preceding major rallies. The $12 target, while aggressive by short-term standards, actually represents a conservative estimate given XRP’s track record. The token has demonstrated the capacity to surge over 1,500% within a single month during previous bull runs.

Convergence of Bullish Views

Maelius isn’t alone in the bullish camp. Other market commentators, including analyst Rob Cunningham, have independently projected similar $12 targets, suggesting this level reflects genuine technical confluence rather than isolated speculation. When multiple analysts arrive at the same price objective through different analytical methods, it often indicates meaningful support for that level among professional traders.

The technical setup, combined with XRP’s ability to shake off its prolonged downtrend, positions the token at an intriguing juncture for those tracking longer-term price dynamics.