XRP News Today: XRP Price Targets $16 338.36% Above All-Time High

A prominent crypto analyst, Steph Is Crypto, has recently shared a chart that has sparked renewed interest in the price trajectory of XRP. The chart, which is based on a weekly timeframe, illustrates a clear ascending channel defined by two parallel trendlines. Steph has marked four key points on the chart, indicating previous areas where XRP tested both trendlines and respected the boundaries, thereby reinforcing the validity of the channel.

The last retest of the bottom trendline resulted in XRP breaking out of an extended consolidation period, suggesting that a significant rally has begun. According to Steph's analysis, XRP's next target is $16, which is 338.36% higher than its all-time high of $3.65. This projection is based on a series of higher lows and higher highs that have characterized XRP’s price action since 2024. The strong bounce from the channel’s lower trendline appears to have catalyzed the current rally, and the clean alignment of price action within the channel suggests that XRP could maintain this trajectory if the broader crypto market remains supportive.

Steph's analysis outlines a path for XRP that suggests it could hit $16 by September. The chart also shows previous instances where XRP tested the upper boundary, lending credibility to the idea that a retest is plausible. This optimistic outlook is supported by XRP's performance in 2025, where it has outperformed top assets like Ethereum multiple times. If XRP can sustain its current momentum, it could hit the projected target sooner than expected and potentially break through the upper trendline to target even higher prices.

Other analysts have also predicted that XRP can reach $16, adding credence to Steph’s analysis. While this target may seem ambitious, XRP has reached historic milestones this year, and Steph shares the confidence of other top analysts that the asset will surpass more milestones before the year ends. The market strategist's projection for XRP to hit $16 by September is based on historical price movements and technical analysis, which suggests that XRP has previously tested and respected certain upper boundaries. The strategist's chart indicates that XRP has shown resilience and potential for growth, aligning with broader market trends and investor sentiment.

According to the analyst's forecast, XRP's price trajectory could be influenced by several factors, including market momentum and regulatory developments. The strategist's analysis highlights that XRP has the potential to surpass previous highs, driven by increasing adoption and technological advancements. This optimistic outlook is supported by the cryptocurrency's strong fundamentals and its role in cross-border payments. Elliott Wave analysts have also weighed in on XRP's potential, suggesting that it could reach $18–23 by late 2025. This prediction is contingent on the formation of a final "Wave 5" rally following a corrective phase. The analysts' forecast is based on the Elliott Wave theory, which analyzes market cycles and patterns to predict future price movements. This theory suggests that XRP could experience significant growth if it follows the predicted wave pattern.

The market momentum in July 2025 has brought XRP's price prediction back into the spotlight, with some analysts suggesting that it could reach $20. This renewed interest is driven by discussions around cryptocurrency ETFs, which could provide a boost to XRP's price. The ETF-driven momentum is expected to continue, potentially pushing XRP's price even higher in the coming months. Despite a recent decline, XRP's price prediction remains bullish, with the potential for significant growth in the coming months.