I just noticed an interesting thing about XRP recently. The current price is around $1.38, but some market analysts still believe that a major upward trend is ahead. Not long ago, XRP increased from $0.49 to $3.60 (a 647% increase), but then dropped 70% from the peak. However, according to experts, this is just "compression" and not weakness.



Analyst Javon Marks still maintains a $15 target for XRP, which would be more than a 900% increase from the current level. He believes that the triangle breakout in November 2024 remains technically valid. Meanwhile, XForceGlobal, a recognized Elliott wave expert, sees that "everything is converging" for XRP. He envisions a target in the $5–$10 range, with $6 a conservative Fibonacci target(.

There is an interesting historical detail: XRP has just experienced five consecutive red monthly candles, something that hasn't happened since the 2016–2017 accumulation phase. Back then, after five months of decline, XRP made a strong breakout in 2017. Some believe history could repeat itself. Moreover, recent sell-offs )including over $900 million in realized losses in one week$83 suggest that weaker investors may have exited, leaving stronger long-term participants.

Overall, Elliott wave analysis and technical signals point toward a significant breakout possibility in 2026. Of course, forecasts like ()a 5,900% increase$6 are highly speculative, but even more conservative targets like $4, $10 or $ also represent substantial profits. Either way, it’s important to monitor every step and avoid rushing into decisions.
XRP-2.3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments