Analyst known as Papa highlights the long-term potential of XRP through an eight-year trendline chart, projecting significant price levels for the cryptocurrency.
Structure of the 8-Year Trendline
Papa's chart utilizes a classic method of drawing resistance diagonals across multi-year swing highs. In XRP's case, this includes the surge in early 2018, which peaked just below $4, and the peaks of 2021. The sloping trendline points towards the $10–$13 zone by 2026, should XRP continue to adhere to its historical structure.
Key Levels to Watch
For Papa’s projection to hold, XRP needs to maintain weekly closes above $2.85–$3.20, a crucial resistance level. A break above this range, supported by volume and liquidity, could lead towards $4.50, while a successful breakout could significantly heighten the probability of reaching double digits.
Risks and Outlook
As with any technical forecast, risks remain. A failure to hold support near $2.50 could weaken the bullish case. Unverified breakouts without significant volume might lead to false signals, keeping the token within its current range.
Papa’s analysis provides a bold yet technically sound vision for XRP. Breaking current key levels may validate long-term projections of $10–$13.
