Analyst Updates XRP Price Prediction: Why $16 Is Still On The Table

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A crypto analyst who previously predictedthat the XRP price could rise toward $16 has now updated his outlook to a higher target. According to the revised projection, XRP is preparing to rally above $18, a level that would represent a staggering 369% surge from its current all-time highof about $3.84 Updated XRP Price Forecast Eyes Breakout Above $16

Crypto market analyst ChartNerd has updatedhis XRP price outlook from a previous analysis, reinforcing his bullish stance while outlining two potential market scenarios. He described the structure in his chart analysis as a Staircase to Valhalla, implying that XRP could move through distinct phases toward a higher valuation above $18, rather than experiencing a single explosive surge.  Related Reading Pi Cycle Top Put XRP Price At $300, But Is This Feasible? 3 days ago

In his post on X, the expert stated that XRP is reacting positively from a key Vertical Accumulation Support zone that has acted as a defense barrier for roughly 13 months around $1.99. He emphasized that this area successfully held price and is now serving as the base layer for a potential continuation higher. 

According to the analyst’s chart, Scenario 1, which shows XRP already moving above the Vertical Accumulation Support area, remains the more bullish outcome and currently has the advantage. However, he cautions that confirmation will only come if XRP can break above the Vertical Accumulation Resistance zone between $3.1 and $3.7. If this happens, a stronger price rally can be validated.  Source: Chart from ChartNerd on X

Notably, ChartNerd outlines a final “Markup” phase with a bullish targetof $18-$22 for XRP. This projection reflects a steep expansion zone shown on the chart following a successful breakout from the Vertical Accumulation Resistance and a subsequent consolidation period.

ChartNerd also outlines a second scenario, which presents a more bearish path for XRP. In this case, the cryptocurrency could dip below $1.5 from its current price above $2before attempting to approach the vertical accumulation resistance again. In the near term, he agreedthat XRP is currently at support and suggested that a break above $2.20 could open the door to further upside.  Analyst Says 2026 Will Be A Landmark Year For XRP

In a recent post, ChartNerd shareda chart highlighting a historical structure that closely mirrors XRP’s price behavior in 2016. During that period, XRP was quietly building momentum that eventually fueled its bullish surge in January 2018.  Related Reading XRP Price Mirrors 2017 Sideways Accumulation Trend – Here’s What Happened Last Time 2 days ago

ChartNerd has suggested that if history repeats itself, 2026 could become a landmark year for XRP, potentially setting new records and marking a major milestone for the cryptocurrency. The analyst described the 2026 pattern as an uncannily similar formation, featuring the same Double Topformation and wick drop seen in the 2016 structure. Additionally, both timelines experienced a Stochastic Relative Strength Index (SRSI)reset, reinforcing the expert’s thesis that XRP could replicate its 2016 bullish trend in 2026. XRP trading at $2.1 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com