A leading market expert believes XRP could potentially reach $27, claiming the recent prolonged price decline has set the stage for significant growth. This prediction is based on technical analysis using wave patterns, past market trends, and a shift in investor feelings, hinting that XRP might be on the verge of a major price surge.
XRP’s Long Correction Sets The Foundation For A Wave 3 Move
XRP analyst @RWA_Investor recently pointed out on X (formerly Twitter) that XRP has been in a correction phase for about seven years. He believes this long period of price stability and decline was actually beneficial, as it allowed the market to essentially ‘reset’ itself. He suggests this is different from the quick rises and falls often seen with riskier investments, and it positions XRP for potentially stronger, more sustainable growth in the future.
He believes this is based on Elliott Wave theory, which suggests markets go through repeating patterns of growth and decline. He argues that XRP has finished its initial phases and is now entering a period of strong growth – the third wave. This is typically the most powerful part of a cycle, fueled by rising optimism and a lot of trading activity.
The analyst predicts this expansion will bring XRP’s price between $18 and $27. They believe this is a likely range, based on how XRP has performed in the past. Specifically, they’ve identified a ‘cup-and-handle’ pattern that appeared before its last price increase. This pattern often signals that a price will continue to rise, and it did lead to a significant rally for XRP previously.
The initial price surge, or ‘Wave 1,’ increased by approximately 5.618 times, according to Fibonacci calculations. This measurement is key to his forecast. Fibonacci extensions are commonly used to predict potential price targets, and a significant first wave often suggests that subsequent waves may be even more substantial.
According to this analysis, some XRP traders who sold their holdings between $5 and $8 might not have anticipated the potential for such a large price increase. If the current trend continues, the price could rise significantly higher than those previous levels.
Later Update Points To Short-Term Dip For The Altcoin
The next day, the analyst also discussed XRP’s potential short-term price changes. He predicted it might initially climb to between $2.39 and $3.60 before falling back down to around $1.55, or a little below that level.
The price has retreated to a key area – a “buy zone” identified on his chart – which corresponds with important Fibonacci levels between $1.08 and $1.55. He believes this dip could trick sellers before the price starts to rise again.
He predicts a significant price increase, initially aiming for $7, fueled by a quick shift in how the market feels. This initial jump, he believes, will generate fresh enthusiasm and pave the way for a larger rally, potentially reaching $18 to $27.
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2026-04-03 15:59