A prominent market analyst has provided a structured justification for XRP to reach as high as $27, arguing that the altcoin’s price long-term correction phase it reset its trajectory. The projection is based on wave theory, historical expansion patterns and changing market sentiment, suggesting what lies ahead could happen XRP’s most explosive phase yet.

XRP Long Correction Underlies Wave 3 Move

April 1, 2026 XRP analyst @RWA_Investor made argument about X concerning Extended XRP correctionwhich he claims lasted about seven years. He explains that this extended period of sideways and downward movement is significant because it allowed the market to reset. He says this type of structure differs from the shorter cycles seen in more speculative assets, providing XRP with a stronger foundation for future growth.

Connects this foundation directly with Elliott wave theorywhere markets move in cycles of expansion and correction. According to his analysis, XRP has already completed its initial stage and is now the third wave of expansion is approaching. This phase is widely considered to be the strongest part of each cycle, often resulting from growing confidence and sturdy market share.

The analyst puts his target for this expansion at $18-$27. He presents this range as realistic, pointing to the previous behavior of XRP prices as justification. One of the key factors is he The most vital element is the design of the cup and handle that formed before the last breakout. This pattern is commonly associated with continuation moves, and in the case of XRP, it led to a sturdy initial rally.

This first enhance, or Wave 1, increased approximately 5.618 times based on Fibonacci measurements taken on a non-logarithmic scale. This detail is crucial to its projection. Fibonacci extensions are often used to estimate how far price movements can go, and a sturdy first wave usually signals that later waves could be even larger.

Using this framework, he suggests that many traders who sold XRP at $5 to $8 may have underestimated how huge this cycle could get. If the current structure continues to work as expected, next stage of expansion could push the price well beyond these levels.

A later update indicates a short-term decline in the Altcoin

In a separate post published the next day, the same analyst focused on XRP’s near-term move. He outlined a scenario in which the price would first rise towards the $2.39-$3.60 range and then pull back to around $1.55 or slightly lower.

This retracement zone, also marked as the “buy zone” on his chart, coincides with the key Fibonacci retracement levels between around $1.08 and $1.55. He suggested this move might act as a bear trap traders before the trend reverses.

From this level, a sturdy upward move towards $7 is expected, driven by a rapid change in market sentiment. According to him, this phase will likely bring renewed excitement, setting the stage for a larger move towards the $18-$27 range.

Featured image created with Dall.E, chart from Tradingview.com