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Analyst Projects XRP Price to Surpass $18, Citing Bullish Trends
A crypto analyst, ChartNerd, has updated his prediction for XRP, envisioning a rally above $18, which would be a 369% increase from its current all-time high of about $3.84.
Key Points
- ChartNerd describes the movement as a "Staircase to Valhalla," indicating phased growth rather than a single surge.
- XRP is currently supported by a Vertical Accumulation zone around $1.99, serving as a base for potential upward momentum.
- The bullish scenario requires breaking the Vertical Accumulation Resistance between $3.1 and $3.7; success here could validate a stronger rally.
- A final target range is set at $18-$22 following a breakout and consolidation phase.
- A bearish scenario suggests a dip below $1.5 before resuming upward attempts.
- In the near term, breaking above $2.20 could lead to further gains.
2026 Outlook
- ChartNerd anticipates 2026 as a landmark year for XRP, potentially mirroring a pattern from 2016 that led to significant gains in 2018.
- This forecast draws on historical parallels, including a Double Top formation and a Stochastic Relative Strength Index (SRSI) reset.
