Analyst Updates XRP Price Prediction: Why $16 Is | Crypto News
A crypto analyst who beforehand predicted that the XRP price may rise toward $16 has now up to date his outlook to a increased goal. According to the revised projection, XRP is making ready to rally above $18, a stage that would signify 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 up to date his XRP price outlook from a earlier analysis, reinforcing his bullish stance while outlining two potential market eventualities. He described the construction in his chart analysis as a Staircase to Valhalla, implying that XRP may transfer through distinct phases toward a increased valuation above $18, slightly than experiencing a single explosive surge.
In his post on X, the skilled said that XRP is reacting positively from a key Vertical Accumulation Support zone that has acted as a protection barrier for roughly 13 months around $1.99. He emphasised that this space efficiently held price and is now serving as the bottom layer for a potential continuation increased.
According to the analyst’s chart, Scenario 1, which reveals XRP already shifting above the Vertical Accumulation Support space, stays the more bullish final result and presently has the benefit. However, he cautions that affirmation will only come if XRP can break above the Vertical Accumulation Resistance zone between $3.1 and $3.7. If this occurs, a stronger price rally may be validated.
Notably, ChartNerd outlines a remaining “Markup” section with a bullish goal of $18-$22 for XRP. This projection displays a steep enlargement zone shown on the chart following a profitable breakout from the Vertical Accumulation Resistance and a subsequent consolidation period.
ChartNerd also outlines a second situation, which presents a more bearish path for XRP. In this case, the cryptocurrency may dip below $1.5 from its current price above $2 before making an attempt to strategy the vertical accumulation resistance again. In the close to time period, he agreed that XRP is presently at help and steered that a break above $2.20 may open the door to additional upside.
Analyst Says 2026 Will Be A Landmark Year For XRP
In a latest post, ChartNerd shared a chart highlighting a historic construction that carefully mirrors XRP’s price habits in 2016. During that period, XRP was quietly building momentum that ultimately fueled its bullish surge in January 2018.
ChartNerd has steered that if historical past repeats itself, 2026 may develop into a landmark 12 months for XRP, probably setting new information and marking a major milestone for the cryptocurrency. The analyst described the 2026 sample as an uncannily comparable formation, that includes the same Double Top formation and wick drop seen in the 2016 construction. Additionally, both timelines skilled a Stochastic Relative Strength Index (SRSI) reset, reinforcing the skilled’s thesis that XRP may replicate its 2016 bullish pattern in 2026.
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