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Home»Analysis»Analyst Updates XRP Price Forecast: Why $16 Is Still on the Table
Analysis

Analyst Updates XRP Price Forecast: Why $16 Is Still on the Table

2026-01-05No Comments3 Mins Read
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A crypto analyst who previously predicted that the XRP price could rise to $16, has now revised its outlook to a higher target. According to the revised projection, XRP is preparing to rise above $18, a level that would represent a staggering 369% increase from the current all-time high of around $3.84.

Updated XRP Price Prediction Eyes Breakout Above $16

Crypto market analyst ChartNerd has done just that updated his 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 stairway to Valhalla, implying that XRP could go through several stages towards a higher valuation above $18, rather than experiencing a single explosive wave.

In his post on He emphasized that this area successfully held the price and now serves as a base layer for a possible continuation higher.

According to the analyst’s chart, scenario 1, where XRP is already moving above the Vertical Accumulation Support area, remains the more bullish outcome and currently has the advantage. However, he warns 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 could be validated.

XRP

Notably, ChartNerd outlines a final ‘Markup’ phase with a bullish target of $18-$22 for XRP. This projection reflects a steep expansion zone as shown on the chart following a successful breakout from vertical accumulation resistance and a subsequent consolidation period.

ChartNerd also outlines a second scenario, which presents a lake bearish path for XRP. In this case, the cryptocurrency could fall below $1.5 from the current price above $2 before attempting to approach the vertical accumulation resistance again. In the short term he will agreed that XRP is currently at support and suggested that a break above $2.20 could open the door to further upside potential.

See also  Why the market cap argument for an XRP price not reaching $10,000 is 'flawed'

Analyst Says 2026 Will Be a Milestone Year for XRP

In a recent post, ChartNerd shared a chart highlighting a historical structure that closely matches XRP’s price behavior in 2016. During that period, XRP quietly built momentum that ultimately fueled XRP’s price. bullish rise in January 2018.

ChartNerd has suggested that if history repeats itself, 2026 will be a… milestone year for XRPpotentially setting new records and marking a major milestone for the cryptocurrency. The analyst described the 2026 pattern as an eerily similar formation, with the same Double Top formation and wick drop as in the 2016 structure. Additionally, both timelines experienced a reset of the Stochastic Relative Strength Index (SRSI), reinforcing the expert’s contention that XRP could replicate the 2016 bullish trend in 2026.

XRP

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