XRP Could Reach $20 by 2027, According to Long-Term Elliott Wave Analysis

Crypto analysts are revisiting an old target for XRP, one that suggests the price could eventually reach $20. According to an Elliott Wave analysis shared by Bitget, this long-term forecast is based on a chart that maps out XRP's price activity from 2018 onward.

The analysis classifies movements into impulsive and corrective waves, projecting several significant advances interspaced with corrections. The final move targets a level near $20, although the chart positions it late in its timeline and does not suggest it as an immediate forecast.

The projected sequence culminates in a final Wave (5) approaching $20, with waves extended into 2027. To reach this milestone, XRP first needs to navigate several anticipated stages, starting after its most recent decline near $1.

Some members of the XRP community have expressed optimism about the possibility of XRP eventually crossing the $20 barrier if the Elliott structure develops as projected. Others pointed out that similar price targets for XRP have been circulated for years without coming to fruition.