XRP could still be on track for a major long-term rally toward $27, according to popular crypto analyst Egrag Crypto, even as the digital asset faces the possibility of one final corrective decline.
In a Saturday market update on X, Egrag Crypto argued that traders are focusing on the wrong question.
Rather than debating XRP’s ultimate price ceiling, the analyst believes investors should determine whether the asset has already established its macro bottom.
“The real question right now is not the top,” Egrag wrote. “Has XRP already completed the macro bottom, or is one final corrective move still waiting?”
Notably, the analyst’s latest chart outlines two possible Elliott Wave interpretations for XRP’s long-term structure. As per his analysis, under the more bullish scenario, XRP may have already completed its correction and could be preparing for its next impulsive wave higher.
 
However, an alternative “green count” suggests the token may still be developing a larger Wave 4 correction before beginning its anticipated advance.
Such a correction would keep the $0.89-$0.52 price range relevant as a potential support zone before a broader uptrend resumes.
Despite the possibility of additional downside, Egrag maintained that the longer-term upside targets remain intact with Fibonacci extension levels pointing roughly towards $7,$13, and $27.
Egrag described these targets as already “visible,” suggesting that XRP’s broader market structure still supports a substantial rally over the coming years, provided the macro cycle remains intact.
Meanwhile, technical analyst ChartNerdTA recently highlighted that XRP’s 8.5-year cup-and-handle formation remains intact. According to the analyst, the cryptocurrency is approaching critical Fibonacci and Gaussian Channel support levels as it searches for a potential low handle.
“If this structure plays out, the next markup could target $8, $13, and $27 Fibonacci extensions in the coming years,” ChartNerdTA noted.
The analysis comes as speculation surrounding a potential XRP supercycle continues to gain traction across the crypto community. YoungHoon Kim, the verified holder of the world’s highest recorded IQ score, recently stated on social media that the “XRP Supercycle is only just beginning.”
While such remarks are largely sentiment-driven, several market observers argue that they align with XRP’s historical cycle patterns.
Beyond technical indicators, XRP’s on-chain fundamentals have also shown signs of strengthening.
Data from blockchain analytics platform Santiment reveals that daily active addresses on the XRP Ledger surged from approximately 23,000 in mid-June to nearly 39,500 in recent weeks, representing an increase of more than 70%.
Market analysts generally view rising network activity as a sign of growing user engagement and, potentially, accumulation by larger market participants.
At press time, XRP was trading at $1.04, reflecting a 0.57% drop in the past 24 hours.
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