A prominent cryptocurrency analyst, ChartNerd, has raised XRP’s price target from $16, arguing that the token could surge beyond $18. The analyst’s model, dubbed “Stairs to Valhalla,” suggests XRP would not rally in a single surge but staged gains leading to a break above $18.
He cited XRP’s reaction near the $1.99 vertical accumulation support as a foundation for further upside. He noted that this zone has supported price action and could set the stage for additional upside. ChartNerd outlined two scenarios. In the optimistic path, XRP would hold above the vertical accumulation support and break through the $3.1–$3.7 resistance region, paving the way for an $18–$22 markup.
In the alternative path, the price could slip to below $1.50 after currently hovering around $2, before retesting resistance again. Near-term, moving above $2.20 would be a key trigger for further upside. ChartNerd notes that 2026 could be a landmark year for XRP, stressing the price action mirrors the historical structure seen in 2016, including a double-top formation and tail collapse, with the Stochastic RSI reset. These technical similarities underpin his expectation that XRP could again trend higher toward new highs.
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