XRP in triangle abc: prospects of returning to $27

Crypto market analyst CoinsKid, known for accurate forecasts of key levels for XRP, has presented an interesting development scenario. Currently, XRP is trading at $1.40 with a positive momentum of +7.12% over the past 24 hours, but the analyst believes that before a major rally, a pullback to the critical level of $1.14 is possible.

Market Geometry: Descending Triangle within an abc Triangle

According to technical analysis, XRP is now within a classic abc correction structure. When the price enters such a triangle, it often signals accumulation before the next impulsive move. CoinsKid notes that XRP has lost critical support at $1.90, confirming short-term market weakness.

At the moment, signals from Bitcoin charts do not show bullish divergences, indicating that the market has likely not bottomed out yet. This suggests that the process of clearing out weak players from the listing will continue. The analyst emphasizes that such corrective movements are natural phenomena before major upward trends, especially when prices approach long-term resistance levels.

$1.14: A Strategic Zone for a New Cycle

Based on Fibonacci level analysis and historical price patterns, $1.14 is identified as a key buy zone for long-term investors. XRP’s history shows that the token has repeatedly demonstrated strong rebounds from such levels. Past corrections led to rebounds from $0.29, $0.38, and $1.64, each followed by explosive growth.

This level coincides with accumulation zones where institutional and experienced private investors traditionally entered the market before the start of new impulsive growth cycles. When the price is within the abc triangle and approaches these historical levels, it creates ideal conditions for forming a new cycle bottom.

Long-term Growth Mechanism: The Role of Institutional Capital

Despite current short-term pressure, the long-term outlook for XRP remains optimistic. This scenario is supported by specific data on capital flows: total inflow into spot XRP ETFs has reached $1.49 billion, demonstrating consistent institutional interest in the asset.

After the current correction phase concludes, impulsive growth is expected, potentially pushing XRP through resistance levels toward double-digit figures. The main target level identified by the analyst is around $27, representing a significant increase from current levels. This forecast remains valid as long as XRP maintains strategic long-term support.

Overall, the picture suggests that this period is not a crash but a restructuring of demand before the next phase of a major cycle.