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

A crypto analyst who previously predicted that 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 high of about $3.84

Updated XRP Price Forecast Eyes Breakout Above $16

Crypto market analyst ChartNerd has 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 Staircase to Valhalla, implying that XRP could move through distinct phases toward a higher valuation above $18, rather than experiencing a single explosive surge. 

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. 

Notably, ChartNerd outlines a final “Markup” phase with a bullish target of $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 $2 before attempting to approach the vertical accumulation resistance again. In the near term, he agreed that 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 shared a 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. 

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 Top formation 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.