Elliott Wave Theory Analysis: XRP Price Structure Revealed, $20 Target Still in Sight

Although XRP’s price declined along with the market today, its overall trend has recently shown signs of recovery, and discussions about how high it can rise in this cycle have heated up again. Recently, Elliott Wave analyst XForceGlobal from Korea stated that from a medium- to long-term perspective, XRP still has the potential to break through $20. This judgment is mainly based on price structure rather than short-term sentiment.

Data shows that in the first 7 days of 2026, XRP has already risen about 22.6%, successfully returning to the key $2 level. Previously, in Q4 2025, XRP had fallen approximately 35% and broke below $2, sparking market concerns about a trend reversal. However, from the current trend, a new medium-term bottom is gradually forming around the $2 mark.

XForceGlobal pointed out that, unlike the sharp decline after the 2018 and 2022 cycle peaks, XRP did not experience a severe pullback after a significant rally at the end of 2024. Instead, it maintained a prolonged sideways consolidation near its historical high. This “high-level stability” is relatively rare in XRP’s history and is often seen as a precursor to a strong trend.

From an Elliott Wave perspective, XRP’s current correction appears more like a platform-type structure rather than a triangle consolidation. The analyst believes that the current pattern may belong to a “running platform,” characterized by multiple false breakouts without breaking previous lows, ultimately accelerating in the direction of the main trend. Such structures can often mislead traders, but once completed, they are usually accompanied by a strong trending move.

Regarding specific targets, XForceGlobal considers $5 as the conservative lower limit for this cycle. If the momentum of the subsequent main upward wave continues to strengthen, XRP could further rise to $10, $20, and in extreme cases, even approach $30. Of course, they also remind that in the short term, attention should still be paid to potential pullback risks in the $1.30 to $1.50 range.

Overall, based on on-chain structure, price behavior, and the Elliott Wave model, XRP’s medium- to long-term outlook still holds potential. The key factors are whether the current correction phase can end smoothly and whether the buying momentum can continue to expand.