While XRP recently saw a slight pullback, the long-term outlook is turning increasingly bullish. A combination of technical indicators and massive whale accumulation suggests that Ripple could be heading for a powerful surge — with a potential to reach $12 by 2026.
📊 Elliott Wave Analysis Shows the Way
Based on the Elliott Wave theory, XRP appears to have completed its correction phase and is now entering the third wave, which is historically the strongest and most explosive in the pattern.
This phase could lead to a 2,900% increase between 2025 and 2026. If this projection holds, XRP would see a multiples-based price jump from current levels.
The asset is still holding within an ascending channel, which confirms a bullish structure — but it must maintain higher highs and higher lows to stay on track.
🐋 Whales Are Buying Aggressively
Supporting the bullish narrative is on-chain data showing massive whale accumulation:
🔹 Wallets holding 1–10 million XRP added 190 million tokens in the past 30 days
🔹 Even larger wallets with 10–100 million XRP scooped up another 440 million
These kinds of moves aren’t random. Whales tend to buy low, anticipating major upside. This accumulation signals growing confidence in XRP’s potential to break into double-digit territory.
📈 Short-Term Outlook: Watching for a Breakout
On the 4-hour chart, XRP is forming a falling wedge pattern, a classic sign of a potential bullish breakout. It’s currently testing the upper boundary of the wedge — and a breakout here could lead to a sharp move.
Key levels to watch:
🔹 Immediate target: $2.36
🔹 Next resistance: $2.59
🔹 Support to hold: $2.13, or else risk a drop to $1.96
Currently, RSI sits at 43, showing that bears still have control, but a return of bullish momentum could quickly shift the balance.
📌 Summary:
🔹 XRP could reach $12 by 2026, according to Elliott Wave projections
🔹 The asset is entering a potential third wave — the most powerful in the cycle
🔹 Whales have accumulated over 600 million XRP in a month
🔹 In the short term, XRP eyes a move above $2.36, but key support must hold
🔹 Long-term structure remains bullish if the trend of higher lows continues
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