Technical Analyst Says XRP Is Following Perfectly Toward an $8 Price Target

Widely followed technical analyst Charting Guy says XRP is now “following perfectly,” just as he predicted months ago.

Prediction Made Months in Advance

Back in November 2025, Charting Guy published a similar chart, describing XRP’s price action as a year-long reaccumulation phase. At the time, price movement was slow, choppy, and frustrating for many holders.

He noted that the process would test investors’ patience, create false breakdowns, and push many traders to sell out of boredom. According to the analyst, that pressure phase has now fully played out.

In his latest post, Charting Guy noted that XRP respected key Wyckoff levels almost step by step. It traded sideways for most of 2025, experienced several shakeouts that pushed out weak holders, and then formed a final “spring” followed by a successful retest.

After that came a clean breakout, known as a Jump Across the Creek (JATC). This suggests XRP has moved from accumulation into a stronger upward phase, where price gains become more noticeable.

Notably, this analysis comes as XRP has reclaimed the $2 level, establishing support after approaching the $2.20 region. XRP now boasts a weekly gain of 14%, one of the strongest performances among major cryptocurrencies.

“Testing Everyone’s Patience”

The analyst emphasized that the hardest part of the cycle wasn’t volatility, but boredom.

XRP spent half a year moving sideways, causing many traders to abandon their positions. It dipped roughly 50% from its $3.66 peak since July 2025, with some even predicting a drop to the $1 level.

Now, with XRP showing strength and holding above prior resistance levels, the technical picture looks very different from just a few months ago.

$8 Target Remains for XRP

Charting Guy suggests XRP could target the $8 level by mid-2026, representing nearly a 4x increase from current prices. This $8 target has been part of his outlook since at least 2024. While it has taken time to materialize, he continues to maintain the projection.

Just two days ago, analyst Matt Hughes expressed agreement with the view that XRP is still headed toward $8.

Notably, Charting Guy originally based this prediction on a multi-year bullish structure forming since 2023, during which XRP has repeatedly consolidated before strong upside breakouts. Past patterns include a late-2024 surge that pushed XRP to $3.66 in 2025 after a roughly 600% rally.

The $8 target remains unchanged due to historical price behavior, Fibonacci extensions (the 1.272 level), and expectations of a new impulsive move.

Other analysts have echoed this view, with some suggesting even higher long-term targets, though $8 remains the primary focus for now.