"This time it's $12"...XRP, surge scenario activated for April 2027

▲ XRP/AI-generated image

A technical analysis suggests that XRP could rise to the $8-$12 range by April 2027. A long-term ascending channel, Fibonacci extension lines, and Moving Average Convergence Divergence (MACD) indicator signals on the weekly candle chart are simultaneously aligning, presenting a basis for this bullish outlook.

According to NewsBTC on May 8 (local time), crypto analyst Celal Kucuker analyzed that XRP is moving within a long-term ascending channel based on the weekly chart, and its current position could be the initial stage of the next major upward movement. This forecast is a technical scenario based on XRP's weekly price structure.

The core of the analysis is the multi-year ascending channel that has continued since the bear market low in 2020. XRP has been moving within a long ascending channel through its 2020 low, 2021 rally, accumulation phase between 2022 and 2023, and market cycles since 2024. The current lower trendline is formed around $1.2-$1.4, and XRP has recently tested this lower area and is showing a rebound.

Kucuker believes that XRP has held the bottom of the ascending channel and is now turning upwards again. If this trend continues, the next target is the upper trendline of the channel. NewsBTC reported that the top of the channel is currently around $12, and this price point aligns with Kucuker's target range of $8 to $12.

Fibonacci extension lines are also presented as a factor supporting the $12 forecast. The Fibonacci 1.618 extension line, calculated from the channel low on the chart, is located at approximately $12.15. NewsBTC explained that the $12 target is not just an arbitrary number but a technical price level where the upper Fibonacci extension line and channel resistance line converge.

Moving Average Convergence Divergence (MACD) signals are also included in the bullish argument. On the weekly MACD panel, a section where the blue MACD line attempts to cross above the orange signal line was indicated. NewsBTC reported that this structure is similar to past MACD crossovers that preceded major XRP surges.

It was specifically mentioned that after a similar MACD crossover in mid-2025, XRP rose to a new all-time high of $3.65. The current weekly MACD has started to form green bars, and if this trend continues, it could be a momentum confirmation signal for a rebound from the bottom of the ascending channel.

However, for the $8-$12 forecast by April 2027 to materialize, intermediate resistance lines must be overcome one by one. NewsBTC reported that XRP must break through the psychological price of $2, the previous high of $3.65, the Fibonacci 1.272 extension of $4.42, and the Fibonacci 1.414 extension of $6.70 within this year.

The $12 forecast for XRP is based on three technical conditions: defense of the long-term ascending channel bottom, the Fibonacci 1.618 extension, and an improvement in the weekly MACD. NewsBTC stated that this analysis suggests that XRP may be at the beginning of a strong rally towards the top of the channel in its current price structure.

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