XRP, $12 within 2 years?...Market 'stirred' by 757% surge timetable

▲ XRP/AI generated image

A forecast has emerged that XRP, moving within a long-term uptrend channel, could rise to the $8 to $12 range within the next two years.

The Crypto Basic reported on May 5 (local time) that data analyst Celal Kucuker presented the possibility of XRP reaching $8 to $12, based on XRP's long-term chart structure and past price movements. Kucuker analyzed that XRP has formed higher lows within a multi-year uptrend channel and is creating a gradual accumulation structure while maintaining the uptrend line.

Key price levels in Kucuker's analysis are $6.70 and above $12. The forecast suggests that if XRP maintains its current long-term bullish structure and is supported by market momentum and the macro environment, it could first test the intermediate resistance around $6.70, then extend to above $12, the top of the channel. He suggested that this scenario could unfold within the next two years, specifically pointing to April 2027.

The potential price surge is also attracting market attention. The Crypto Basic reported that if XRP rises to $8, it would represent an increase of approximately 471%, and if it reaches $12, it would be an increase of approximately 757%. However, these projections are based on the premise of a bullish market and sustained demand.

Initial reversal signals were also mentioned in technical indicators. Kucuker's chart shows that the Moving Average Convergence Divergence (MACD) index is showing potential for reversal after a prolonged bearish period, and the fact that XRP is maintaining above key support levels was also presented as evidence that buying pressure has not yet lost control. However, a stronger upward reversal can only be confirmed by breaking through immediate resistance levels; until then, a sideways trend with a gentle bullish bias may continue, according to the analysis.

Volatility indicators are also noteworthy. The Crypto Basic previously reported that analyst Seth stated that XRP has shown the strongest Bollinger Band compression in years. This indicates extremely low volatility, suggesting the possibility of strong price movements in the future. Key resistance levels were presented as $1.67, $2, $2.40, and $2.90, while lower support levels were mentioned as $1.25 and $1.10.

Ultimately, XRP's long-term bullish scenario depends on maintaining the uptrend channel and breaking through resistance levels. If it moves past $6.70 to the top of the channel, the $8 to $12 forecast could gain traction, but if it fails to overcome the short-term resistance zone, the sideways trend could persist longer.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*