Market analysts are presenting a long-term bullish case for XRP, with technical projections pointing to potential price targets of $8, $17, and even $27 by 2026. The outlook is based on a multi-year macro ascending triangle pattern that XRP is currently navigating.
Analyst EGRAG CRYPTO detailed that XRP has already completed a breakout from this macro ascending triangle and is now in a critical retest phase. This phase is seen as a validation of the breakout, where previous resistance is tested as new support. The analyst emphasizes that XRP continues to respect a multi-year ascending trendline (MYATL), which forms the foundation of the bullish structure. "This is not random price action… this is structure playing out over years," EGRAG CRYPTO stated.
Fibonacci projections derived from the pattern's historical expansion outline the key upside targets. The analysis stresses that reaching these levels will be a gradual process tied to market cycles, requiring patience from investors.
Meanwhile, trading activity shows a split in strategy. While some traders are accumulating XRP during the current retest, others are waiting for a potential deeper pullback before committing capital. This caution is reflected in market data: XRP's open interest has declined significantly, from a peak of $2.6 billion to around $900 million–$1 billion in early 2026, indicating an unwind of leveraged positions.
Not all analysis is uniformly optimistic in the short term. Analyst ChartNerd has flagged the possibility of a sharper correction, potentially driving XRP back to the $0.80–$0.70 range if current resistance holds. However, this is viewed not as a bearish breakdown but as a potential reset within the larger bullish setup, possibly acting as a stronger launchpad for future gains.
Both analysts agree that the long-term bullish thesis for XRP remains intact unless the price loses the 2020 cycle low. The coming sessions are seen as crucial for confirming whether the retest phase will solidify support and pave the way for the projected expansion toward the higher price targets.
