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A prominent Korean Elliott Wave analyst believes the pieces are finally aligning for $XRP, even as the asset struggles below key psychological levels.
XForceGlobal, a certified Elliott Wave analyst, stirred bullish sentiment about $XRP after posting a succinct update on X. The message suggests that, from a structural standpoint, $XRP has already completed two major technical milestones.
Firstly, it has revisited its all-time high with the move to $3.66 last year and retraced the entire range to near $1. This sets the stage for what he implies could be the next impulsive move higher.
Key Points
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Korean Elliott Wave analyst says $XRP’s structure is aligning for the next major bullish move.
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$XRP completed key milestones: revisited all-time highs and retraced fully, signaling next wave.
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Multi-year triangle breakout shows accumulation, with sideways price action hinting at bullish setup.
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Analyst suggests $6-$10+ targets possible; weak hands shaken out, long-term holders remain strong.
$XRP Structural Strength
The optimism comes despite recent price pressure. $XRP recently slipped to $1.115, erasing its early 2026 gains after starting the year strong at around $2.40. As of today, the coin is at $1.44. While up 6% over the last 24 hours, it remains down 28% on the monthly chart.
However, analysts like XForceGlobal argue that short-term volatility does not invalidate the long-term setup. According to his thesis shared earlier this year, $XRP has been quietly accumulating across both large and small timeframes.
He notes that sideways price action is not weakness; it’s compression. Central to the argument is $XRP’s confirmed breakout from a multi-year triangle formation, a key bullish signal in Elliott Wave analysis.
While short-term price moves may look choppy, the bigger wave structure remains strong. He warns that focusing too much on short-term candles during accumulation can obscure the long-term trend.
$XRP chart">
$6 Was Conservative, What About $10?
Earlier projections from the analyst labeled $6 as a conservative target based on Fibonacci extensions of prior impulsive waves. That level alone would represent more than a 4x move from recent lows.
Now, with his latest post referencing $4, $5, and even $10+, this suggests the next wave structure could exceed previous expectations.
Essentially, the implication is that if $XRP has indeed completed a full-range retracement and structural reset, the next expansion phase could be significantly larger than many anticipate.
“Boredom Is a Feature”
XForceGlobal often stresses that long periods of sideways trading are a feature, not a flaw, of accumulation. He says multi-year ranging prices shake out impatient traders while stronger hands quietly build positions. Big crypto breakouts have historically followed this pattern.
Other analysts agree that $XRP’s structure looks solid despite recent dips, and breakouts often happen when sentiment is weakest.
For instance, this week, $XRP holders realized losses of over $900 million, the biggest weekly spike since November 2022, during the FTX collapse. This suggests many weak hands have ultimately given up, setting the stage for a promising rebound, with long-term holders left in the game.
Ultimately, whether the next target is $4, $5, or $10+, the structure suggests “it’s all coming together.”