XRP Eyeing Monumental Surge: Analyst Predicts Rally Beyond $18, Signaling Potential 369% Growth
A prominent crypto analyst, ChartNerd, has significantly revised his Ripple (XRP) price prediction, now forecasting a rally well beyond the previously anticipated $16 mark. This updated outlook suggests XRP could soar above $18, representing an astonishing 369% surge from its current all-time high of approximately $3.84. This bullish projection is rooted in technical analysis, drawing parallels to XRP's historical market behavior.
Unpacking the Bullish Outlook: "Staircraft to Valhalla"
ChartNerd's analysis describes XRP's potential trajectory as a "Staircraft to Valhalla," implying a phased ascent rather than an explosive single surge. He identifies a crucial Vertical Accumulation Support zone around $1.99, which has successfully held for roughly 13 months, establishing a strong foundation for future growth. For this bullish scenario to fully materialize, XRP must decisively break above the Vertical Accumulation Resistance zone, situated between $3.1 and $3.7. A successful breach of this resistance, followed by a consolidation period, could pave the way for a "Mark-up" phase, targeting a bullish range of $18-$22. While the primary outlook is optimistic, ChartNerd also outlines a more cautious, bearish scenario where XRP could temporarily dip below $1.5 from its current position (above $2) before re-attempting the vertical accumulation resistance. However, the analyst maintains that a breakthrough above $2.20 in the near term would be a strong indicator of further upside potential, validating the more aggressive price targets.
2026: A Historic Repeat for XRP?
Adding weight to his projections, ChartNerd highlights an uncanny resemblance between XRP's current market structure and its behavior in 2016. During that period, XRP experienced a quiet accumulation phase that ultimately fueled a massive bull surge in January 2018. The analyst notes a similar "Double Top" formation and a "wick drop," coupled with a reset in the Stochastic Relative Strength Index (SRSI) across both timelines. This historical mirroring leads ChartNerd to suggest that 2026 could become a landmark year for XRP, potentially setting new records and marking a major milestone for the cryptocurrency, mirroring its past explosive growth.
