Pundit Predicts When The XRP Price Will Rally To $12

A crypto analyst has laid out a technical case for XRP reaching between $8 and $12 by April 2027. This technical case is purely based on XRP’s price pattern on the weekly candlestick timeframe chart and a projection of where the cryptocurrency goes from here.

XRP Can Technically Rally $8 To $12

The foundation of the pundit’s prediction is a multi-year ascending channel that has governed XRP’s price structure since the 2020 bear market lows. The cryptocurrency has been moving within a long ascending channel that stretches from the 2020 low to the 2021 rally, the 2022-2023 accumulation area, and the latest market cycle since 2024. 

Furthermore, the weekly chart shows XRP repeatedly reacting around the lower and middle portions of this channel before attempting to push back to the upper trendline. However, the most notable part of the current positioning is where the XRP price is sitting within this structure. The ascending channel is connected to higher lows, and the lower trendline is currently around $1.2 to $1.4. 

This means the cryptocurrency recently tested and held the lower boundary of the channel and has since begun curling upward, with the next projection being a return to the upper trendline of the channel. This movement implies that XRP is now in the early stages of what could become its most powerful channel rally to date.

Interestingly, the upper boundary of the channel is currently around $12, which corresponds to the pundit’s prediction of an $8 to $12 price target zone for XRP. The Fibonacci levels on the chart also support the bullish projection. The 1.618 extension from the channel’s low is around $12.15, and this makes the $12 target more than a random number in the analysis. It aligns with the upper Fibonacci extension and the projected channel resistance, giving the prediction a technical basis.