XRP News Today: XRP Targets $16 338.36% Gain by September

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, highlighting 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. XRP recently reached a new all-time high of $3.65 due to this breakout, but according to Steph's analysis, this is not the end of the journey. The next target for XRP, as indicated by the chart, is $16, which is 338.36% higher than its current all-time high.

This projection is based on a series of higher lows and higher highs that have characterized XRP’s price action since 2024. A 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, suggesting it could hit $16 by September. The chart also shows previous instances where XRP tested the upper boundary, lending weight to the idea that a retest is plausible.

Steph Is Crypto’s analysis comes at a time when XRP has been gaining renewed interest among traders and investors. XRP has performed remarkably in 2025, outperforming top assets like Ethereum multiple times. If the asset 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 may seem like a lofty target, XRP has reached historic milestones this year, and Steph shares the confidence of other top analysts that the asset will smash through more milestones before the year ends.