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$XRP trades above $1.40 despite falling open interest, signaling reduced leverage as analysts warn of a possible dip to $0.70 before a potential rebound.
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Analysts remain bullish on $XRP long term, projecting targets up to $27, with current price action seen as a healthy correction within a larger uptrend.
$XRP price has slipped into the green zone and is now trading above $1.40 after gaining more than 2% in the last 24 hours.
However, on the flip side, $XRP’s open interest has declined from a peak of $2.6 billion to around $900 million–$1 billion in early 2026, reflecting a clear unwind of leveraged positions.
Amid the volatile price activity, an analyst still maintains a long-term target of $27 for $XRP. Here’s why:
ChartNerd Flags Deeper Pullback Possibility
Crypto analyst ChartNerd has outlined a scenario that includes the possibility of a sharper correction. According to the analyst, $XRP could revisit the $0.80–$0.70 range if current resistance continues to hold.
Rather than viewing this as a bearish breakdown, the analyst sees it as part of a larger setup. A deeper pullback, particularly toward key technical zones like the Gaussian Channel, could act as a reset before a stronger upward move.
Will $XRP hit $27?
Despite short-term weakness, ChartNerd maintains a bullish long-term outlook. The analyst reiterated earlier projections, with macro targets set at $8, $13, and even $27.
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The argument is that while price movement may deviate from earlier expectations, the broader structure remains unchanged. According to this view, only a loss of the 2020 cycle low would invalidate the long-term bullish thesis.
For now, $XRP is seen as still in its early phase, with the major breakout yet to begin.
On a similar note, another analyst, EGRAG CRYPTO, maintains that $XRP is still following a multi-year ascending structure, with the recent pullback acting as a normal retest after a breakout. As long as this trend holds, he projects macro targets at $8, $17, and $27, viewing them as structured long-term levels rather than short-term price moves.