A market analyst has provided his outlook for XRP in 2026, identifying a potential bottom the cryptocurrency could reach before entering a significant upward trend. According to CoinsKid, a technical analyst known for his market commentary, XRP may experience further downside before the next phase of bullish momentum begins. XRP entered 2026 with strong gains , rallying above $2 in early January and reaching a peak of $2.41 on January 6. Following this advance, the token encountered resistance, resulting in several intraday declines. At the time of reporting, XRP is trading around $2.08 , testing the $2 support level. While many market observers anticipate a short-term rebound, CoinsKid suggests that the current pullback may not represent the final low for the year. Historical Bottoms Provide Context In a recent video commentary, CoinsKid referenced historical lows to contextualize his 2026 prediction. He noted that XRP’s bottom in 2020 was $0.21, rising to $0.55 during the 2021 bull market. In 2022, the bear market triggered by events like the Terra and FTX collapses pushed XRP down to $0.29. The following year, 2023, saw limited upward momentum, leaving the bottom at $0.30. By 2024, the low had improved to $0.388, though the cryptocurrency was still underperforming relative to expectations. XRP’s performance improved markedly in late 2024 and throughout 2025, surpassing the $1 and $2 thresholds. During the correction in April 2025, the bottom for that year was identified at $1.64, which CoinsKid had previously highlighted despite some pushback from the community when prices were above $3 at the time. Technical Basis for 2026 Bottom For 2026, CoinsKid projects a lower support level of $1.14. In his commentary, he presented a technical analysis showing that XRP broke above a seven-year symmetrical triangle during the November 2024 uptrend, initiating the first wave of an Elliott Wave structure that peaked at $3.4 in January 2025. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 According to CoinsKid, the subsequent decline represents Wave 2, an ABC corrective pattern that could push XRP toward the $1.14 level before resuming upward momentum. He also highlighted the importance of the 1.414 Fibonacci extension in identifying potential corrective lows. If XRP loses its current structure and drops below $1.9, the analyst expects the correction to reach this level, consistent with historical patterns observed in 2015 and 2021. Potential Upside After Correction Following the completion of the correction, CoinsKid anticipates that XRP could enter a strong recovery phase. Under this scenario, the cryptocurrency might ultimately reach $27 , representing a potential increase of nearly 1,200% from current prices. He emphasized, however, that this projection is hypothetical and contingent on the correction concluding as expected. CoinsKid acknowledged that both the predicted bottom and the potential peak carry significant uncertainty and are not guaranteed outcomes. This analysis underscores the importance of patience for investors, as technical setups suggest that XRP could experience additional short-term weakness before positioning itself for a potential long-term rally in 2026. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Says XRP Could Hit $27 Under This Scenario appeared first on Times Tabloid .
