XRP news today: XRP's Price Targeted to Surge 1,490% by 2026
1min read A prominent figure on X, Amonyx, recently shared a bullish outlook on XRP's future price trajectory, suggesting that the cryptocurrency could be on the brink of a significant breakout. According to Amonyx's analysis, XRP has the potential to reach prices far beyond its current levels, with a projected target of $35. This prediction is based on a long-term chart that displays XRP data on a log scale, incorporating Ichimoku indicators and a clear long-term ascending channel.
The chart indicates that XRP has broken out of a multi-year descending trendline that began in 2018, signaling the end of an extended consolidation phase. This breakout, combined with the broader channel forming as far back as 2014, suggests a potential return to XRP’s historical growth path. Amonyx's analysis places XRP back inside a rising channel, with a projected move toward the upper boundary, which could see the asset hit the $35 target in early 2026.
At the time of Amonyx’s analysis, XRP was trading around $2.2, a level it hadn’t held consistently for some time. The asset has also held above $2 for most of 2025, as it crossed this level in December 2024. Veteran financial expert Peter Brandt predicted in late 2024 that surpassing the 2021 peak of $1.96 would pave the way for a bigger surge, and the asset’s rally to $3.39 in January 2025 is just the start.
The technical structure of the chart is built around parallel trendlines forming an upward-sloping channel. Within this framework, Amonyx shows that XRP’s current setup is targeting $35, showing over 1,490% increase. The Ichimoku Cloud layered over the price chart reinforces the bullish setup. The digital asset has moved above the Tenkan-sen and Kijun-sen indicators, which reflect short- and medium-term momentum. Additionally, the cloud itself has flipped positive. These are often interpreted as strong signs of trend continuation in traditional technical analysis.
Amonyx has shared many bullish predictions for XRP, recently showing a potential path to $50 for the digital asset. Many market participants and experts share his bullish stance, and the digital asset’s positive technical setup supports their sentiment. However, it is important to note that this content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent any official opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk.
