XRP to hit $12 in two years? Market 'stirred' by 757% surge timeline

▲ XRP/AI-generated image

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

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 its long-term chart structure and past price movements. Kucuker analyzed that XRP has formed higher lows within an ascending channel for several years and is maintaining an upward trend line, creating a gradual accumulation structure.

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

The potential price increase is also attracting market attention. The Crypto Basic reported that a rise to $8 for XRP would represent an increase of approximately 471%, and reaching $12 would be an increase of about 757%. However, these projections are based on the premise of a sustained bull market and continuous demand.

Initial reversal signals have also been noted in technical indicators. Kucuker's chart shows that the Moving Average Convergence Divergence (MACD) index is indicating a potential reversal after a prolonged bearish phase, and the fact that XRP is maintaining above key support lines suggests that buying pressure has not yet lost control. However, a stronger upward reversal can only be confirmed by breaking through immediate resistance lines; until then, a sideways trend with a mild upward bias may continue.

Volatility indicators are also noteworthy. The Crypto Basic previously reported that analyst Seth stated 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, with lower support levels mentioned at $1.25 and $1.10.

Ultimately, XRP's long-term bullish scenario depends on maintaining the ascending 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 short-term resistance, the sideways trend could prolong.

*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.*