A cryptocurrency analyst has provided a technical case that XRP will reach $8 to $12 by April 2027. This technical case is based solely on XRP price pattern on weekly candlestick chart and projection where does cryptocurrency go hence.
XRP could technically rise from $8 to $12
The foundation expert forecast predicts a multi-year ascending channel that regulates the price structure of XRP from the bear market lows of 2020. The cryptocurrency is moving in a long ascending channel that extends from the 2020 low to the 2021 highs, the accumulation area in 2022-2023 and the latest market cycle from 2024.
Moreover, the weekly chart shows that XRP repeatedly reacts in the lower and middle parts of this channel before attempting to return to the upper trendline. However, the most noticeable part of the current positioning is the price of XRP sits inside this structure. The rising channel is connected to higher lows, and the lower trendline is currently around $1.2-1.4.
What I mean here is cryptocurrency recently tested and kept the lower boundary of the channel and has since begun to curve upwards with the next projection being a return to the upper trend line of the channel. This move means that XRP is currently in the early stages of its strongest growth yet in the sales channel.
Interestingly, the upper limit of the channel is currently around $12, which matches the expert’s prediction of an XRP price target zone of $8 to $12. The Fibonacci levels on the chart also support the bullish projection. The 1.618 offset from the channel low is around $12.15, which makes the $12 target more than just a random number in the analysis. It aligns with the upper Fibonacci extension and predicted channel resistance to give prediction technical basis.
XRP price chart. Source: @CelalKucuker On X
What the MACD says
Another point element of the chart has been highlighted in the MACD panel below the price action. The circled area on the weekly MACD shows the indicator printing a bullish signalwhere the blue MACD line will soon cross the orange one. This setup is similar to previous MACD crossovers that preceded XRP’s major bullish moves, including mid-2025 when the cryptocurrency to a novel record high of $3.65.
The weekly MACD is starting to display green bars and if this trend continues, it will confirm the dynamics of the rebound from the lower trend line of the ascending channel.
To Kucuker 2027 expected maintenance scheduleXRP would need to clear several intermediate resistance levels before the end of the year, including the psychologically significant $2.00 price level, the $3.65 price high, and the Fibonacci extensions at 1.272 and 1.414 at $4.42 and $6.70, respectively.
Featured image created with Dall.E, chart from Tradingview.com
