A prominent market analyst has outlined a structured case for XRP reaching as high as $27, arguing that the altcoin’s long-term correction phase has reset its trajectory. The projection is rooted in wave theory, historical expansion patterns, and evolving market sentiment, suggesting that what lies ahead may be XRP’s most explosive phase yet.
XRP’s Long Correction Sets The Foundation For A Wave 3 Move
On April 1, 2026, XRP analyst @RWA_Investor made an argument on X regarding XRP’s extended correction, which he says has lasted approximately seven years. He explains that this prolonged period of sideways and downward movement is significant because it allowed the market to reset. According to him, this type of structure differs from the shorter cycles seen in more speculative assets, providing XRP with a stronger foundation for future growth.
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He links this foundation directly to Elliott Wave theory, where markets move in cycles of expansion and correction. According to his analysis, XRP has already completed its early stages and is now approaching a third wave expansion. This phase is widely regarded as the strongest part of any cycle, often driven by increasing confidence and heavy market participation.
The analyst places his target for this expansion between $18 and $27. He presents this range as realistic, pointing to XRP’s previous price behavior as justification. One key factor he highlights is a cup-and-handle pattern that formed before the last breakout. This pattern is commonly associated with continuation moves, and in XRP’s case, it led to a strong initial rally.
That first rally, or Wave 1, expanded by roughly 5.618 times based on Fibonacci measurements taken on a non-logarithmic scale. This detail is central to his projection. Fibonacci extensions are often used to estimate how far price movements can go, and a strong first wave usually signals that later waves could be even larger.
Using this framework, he suggests that many traders who sold XRP between $5 and $8 may have underestimated how big this cycle could become. If the current structure continues to play out as expected, the next expansion phase could push the price far beyond those levels.
Later Update Points To Short-Term Dip For The Altcoin
In a separate post shared the next day, the same analyst shifted focus to XRP’s short-term movement. He outlined a scenario where the price first rises toward the $2.39–$3.60 range, then pulls back to around $1.55 or slightly lower.
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This pullback zone, also marked on his chart as a “buy zone,” aligns with key Fibonacci retracement levels between about $1.08 and $1.55. He suggested this move could act as a trap for bearish traders before the trend reverses.
From that level, he expects a strong upward move toward $7, driven by a rapid change in market sentiment. According to him, this phase would likely bring renewed excitement, setting the stage for the larger move toward the $18–$27 range.
Featured image created with Dall.E, chart from Tradingview.com
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