A prominent market analyst has outlined a structured argument for XRP rising to $27, arguing that the altcoin 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 could also be XRP’s most explosive phase yet.
XRP’s long correction lays the foundation for a Wave 3 move
On April 1, 2026, XRP analyst @RWA_Investor made an argument about X regarding XRP’s Comprehensive Correctionwhich he says lasted about seven years. He explains that this extended period of sideways and downward movement is important because it allowed the market to reset. According to him, this type of structure differs from the shorter cycles seen in more speculative assets, giving XRP a stronger foundation for future growth.
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He links this foundation directly Elliott Wave Theorywhere markets move in cycles of expansion and correction. According to his analysis, XRP has already completed its initial phase and is currently doing so approaching a third wave expansion. This phase is generally considered the strongest part of any cycle, often driven by rising confidence and high market participation.
The analyst places his target for this expansion between $18 and $27. He presents this range as realistic and points to XRP’s previous price behavior as justification. He was a key factor highlights is a cup-and-handle pattern that formed before the last outbreak. This pattern is often associated with follow-on moves, and in the case of XRP, it led to a strong initial rally.
That first rally, or Wave 1, expanded approximately 5,618 times based on Fibonacci measurements 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 indicates 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 develop as expected, the next expansion phase could push the price well above this level.
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 in which the price first rises towards $2.39-$3.60 and then returns to around $1.55 or slightly lower.
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This pullback zone, also marked on its chart as a ‘buy zone’, corresponds to the key Fibonacci retracement levels between approximately $1.08 and $1.55. He suggested this move could do that act as a trap for bearish traders before the trend reverses.
From that level, he expects a strong upward move towards $7, driven by a rapid change in market sentiment. According to him, this phase would likely bring renewed excitement and pave the way for the bigger move towards the $18-$27 range.
Featured image created with Dall.E, chart from Tradingview.com