XRP Analyst Says Elliott Wave Pattern Could Trigger Surge to $20

TLDR

• XRP began 2026 with a 22.59 percent surge and reclaimed the important $2 level.
• A South Korean Elliott Wave specialist believes XRP could reach $20 in this cycle.
• The analyst explained that XRP is forming a running flat pattern, which often leads to a strong breakout.
• He stated that the correction likely ended after the 35 percent drop in Q4 2025.
• The analyst said XRP could still dip to $1.30, but current signs suggest a new upward trend has started.

XRP began 2026 with strong momentum as the asset jumped 22.59% during the first seven days, reclaiming the $2 level, and now, a South Korean Elliott Wave specialist says technical patterns suggest a path to $20 remains possible as recovery accelerates, sparking renewed attention in the crypto market.

XRP Reclaims Key Level After Q4 2025 Drop

XRP opened 2026 with a recovery after losing 35% in Q4 2025. The price collapse had sent XRP below $2. Now, the asset has recovered the key $2 level. Analysts say this price could serve as a firm base.

Elliott Wave expert XForceGlobal stated that this tight trading zone may confirm a new support. He called the current range “unusual” in XRP history. According to him, such tight movement suggests a fresh floor is forming. He believes the $2 level is now under a test phase. He said, “This price range doesn’t align with past XRP behavior, and that often indicates a major setup building underneath.”

Elliott Wave Pattern Suggests Breakout

XForceGlobal identified the structure as a running flat, not a triangle. He said it includes a fake-out and leads to strong breakouts. He explained the flat has three downward moves, three upward moves, and a final five-wave decline. That five-wave leg may be complete.

The expert linked the five-wave decline to the 35% drop in Q4 2025. He believes that could mark the end of correction. He warned that a dip between $1.30 and $1.50 remains possible. However, signs show a possible end to downside risk. He said, “The recent bounce doesn’t look corrective. It shows signs of impulsive strength, often seen at trend starts.”

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

XForceGlobal set $5 as a minimum target for this cycle. He said nested impulse moves could lead to higher price levels. He noted that XRP held strong after the 2024 rally. The asset stayed near previous highs for almost a year. This strength contrasts with XRP’s earlier cycle drops in 2018 and 2022. Previous peaks were short-lived and quickly reversed.

He suggested this current cycle could be different. Buyers may remain in control as momentum builds with time. He said if momentum holds, XRP could reach $10 or even $20. A $30 price is also possible at the cycle peak.

He continues to monitor wave counts for any shift. So far, he believes the rally is still in its early stages. XRP last traded above $2.05 on January 7. 

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