Analyst Updates XRP Price Prediction: Why $16 Is Still On The Table
A crypto analyst who beforehand predicted that the XRP worth might rise towards $16 has now up to date his outlook to a better goal. According to the revised projection, XRP is getting ready to rally above $18, a degree that will characterize a staggering 369% surge from its current all-time high of about $3.84
Updated XRP Price Forecast Eyes Breakout Above $16
Crypto market analyst ChartNerd has updated his XRP worth outlook from a earlier evaluation, reinforcing his bullish stance whereas outlining two potential market eventualities. He described the construction in his chart evaluation as a Staircase to Valhalla, implying that XRP might transfer by way of distinct phases towards a better valuation above $18, moderately than experiencing a single explosive surge.
In his publish on X, the skilled acknowledged that XRP is reacting positively from a key Vertical Accumulation Support zone that has acted as a protection barrier for roughly 13 months round $1.99. He emphasised that this space efficiently held worth and is now serving as the bottom layer for a possible continuation increased.
According to the analyst’s chart, Scenario 1, which reveals XRP already transferring above the Vertical Accumulation Support space, stays the extra bullish consequence and at present has the benefit. However, he cautions that affirmation will solely come if XRP can break above the Vertical Accumulation Resistance zone between $3.1 and $3.7. If this occurs, a stronger worth rally could be validated.
Notably, ChartNerd outlines a remaining “Markup” section with a bullish target of $18-$22 for XRP. This projection displays a steep growth zone proven on the chart following a profitable breakout from the Vertical Accumulation Resistance and a subsequent consolidation interval.
ChartNerd additionally outlines a second situation, which presents a extra bearish path for XRP. In this case, the cryptocurrency might dip beneath $1.5 from its present price above $2 earlier than trying to strategy the vertical accumulation resistance once more. In the close to time period, he agreed that XRP is at present at help and urged {that a} break above $2.20 might open the door to additional upside.
Analyst Says 2026 Will Be A Landmark Year For XRP
In a current publish, ChartNerd shared a chart highlighting a historic construction that intently mirrors XRP’s price behavior in 2016. During that interval, XRP was quietly constructing momentum that ultimately fueled its bullish surge in January 2018.
ChartNerd has urged that if historical past repeats itself, 2026 might turn out to be a landmark year for XRP, doubtlessly setting new information and marking a significant milestone for the cryptocurrency. The analyst described the 2026 sample as an uncannily comparable formation, that includes the identical Double Top formation and wick drop seen within the 2016 construction. Additionally, each timelines skilled a Stochastic Relative Strength Index (SRSI) reset, reinforcing the skilled’s thesis that XRP might replicate its 2016 bullish pattern in 2026.