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:
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.
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.
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.
Analysts project XRP could reach $8 to $27 by 2026 if bullish trends hold, though actual gains depend on market conditions and adoption.
Many analysts remain bullish, stating XRP’s structure is intact, with higher targets possible as long as key long-term support levels hold.
XRP’s next move depends on market sentiment, technical support levels, adoption, and whether it maintains its multi-year upward trend.
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