Just noticed that XRP is starting to attract analyst attention again after a sharp decline from the $3.66 peak. Currently, it’s around $1.44, but some Elliott wave forecasts are talking about a potentially significant recovery.

Actually, a few years ago, XRP increased from $0.49 to $3.60 (a 647% increase), but then dropped 70% from that level. Interestingly, Elliott wave analysts don’t see this as a weak signal, but as a “consolidation” phase within the overall structure. Javon Marks, a widely followed analyst, still maintains a target $15 for XRP, which would be more than a 900% increase from the current level.

What’s quite interesting is that XForceGlobal, an Elliott wave analysis expert, believes the structure remains valid. He sees the next targets at $5-$10, and describes this sideways price action as “consolidation,” not weakness. Additionally, this five-month streak of consecutive red monthly candles is rare — the last time it happened was during the 2016-2017 accumulation phase, before a strong rally in 2017.

Looking ahead to 2026, some forecasts could be higher, but even more conservative targets like $4-$6 would still offer significant profits. Elliott wave analysis suggests long-term holders may soon have an opportunity. Of course, this is not investment advice, just what analysts are seeing on the charts.