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.
$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.”
