TLDR

  • XRP started 2026 with a 22.59% increase and regained the critical $2 threshold.
  • A South Korean Elliott Wave expert thinks XRP might hit $20 during this market cycle.
  • The analyst noted that XRP is developing a running flat pattern, which typically results in a powerful breakout.
  • He said the correction probably concluded following the 35% decline in the fourth quarter of 2025.
  • The analyst mentioned XRP could still fall to $1.30, yet current indicators point to the start of a new uptrend.

XRP entered 2026 with robust momentum, rising 22.59% in the first week and regaining the $2 level. Now, a South Korean Elliott Wave specialist indicates technical patterns suggest a $20 target is still feasible as the recovery picks up, drawing fresh interest in the .

XRP Reclaims Key Level After Q4 2025 Drop

XRP started 2026 with a bounce back after a 35% loss in Q4 2025. The price crash had pushed XRP below $2, but now the asset has regained that key level. Analysts note this price could act as a solid foundation.

Elliott Wave expert XForceGlobal noted that this narrow trading range could confirm a new support level. He described the current range as “unusual” for XRP’s history. Per his analysis, such tight price action points to a new floor forming. He thinks the $2 level is now in a testing phase, stating, “This price range doesn’t match XRP’s past behavior, which often signals a major setup developing below the surface.”

Elliott Wave Pattern Suggests Breakout

XForceGlobal categorized the structure as a running flat rather than a triangle. He noted it includes a fake-out and typically leads to strong breakouts. He explained the flat consists of three downward moves, three upward moves, and a final five-wave drop – and that five-wave segment may be finished.

The expert connected the five-wave drop to the 35% decline in Q4 2025, believing it could signal the end of the correction. He cautioned a dip to $1.30–$1.50 is still possible, but indicators suggest downside risk may be ending. He stated, “The recent rebound doesn’t appear corrective; it shows impulsive strength, which is common at the start of a trend.”

Targets: $5, $10, $20, and Beyond

XForceGlobal set $5 as the minimum target for this cycle, saying nested impulse waves could drive prices higher. He pointed out that held strong after the 2024 rally. The asset stayed near previous highs for almost a year. This resilience differs from XRP’s earlier cycle drops in 2018 and 2022, where previous peaks were short-lived and quickly reversed.

He implied this current cycle might be different, with buyers potentially staying in control as momentum grows over time. He added that if momentum persists, XRP could hit $10 or even $20 – and $30 is possible at the cycle’s peak.

XForceGlobal stated, “We’ve already seen a push above a previous high, which leaves space for confirming the running flat pattern.”

He’s continuing to monitor wave counts for any changes. So far, he thinks the rally is still in its initial phases. XRP was last traded above $2.05 on January 7.