A fresh wave of bullish commentary is circulating around XRP, with prominent market voices arguing that the recent pullback is not the start of a bear market, but rather a macro reset within a broader long-term expansion.
According to the thesis shared by analyst EGRAG Crypto, XRP’s broader bullish structure remains intact despite volatility, and the current correction represents a Wave 2 capitulation zone rather than structural breakdown.
Bullish Structure Still Intact?
The core argument centers on Elliott Wave positioning. The view suggests that XRP has completed a corrective Wave 2 phase, with the $0.85 region identified as a potential capitulation zone.
From this perspective, the larger bullish count remains valid, setting the stage for a potential Wave 3 advance, historically the strongest and most explosive leg in a cycle.
Supporters of this outlook argue that if the market were truly in a bear phase, long-term structural levels would already be broken. Instead, price action is being interpreted as consolidation and shakeout behavior designed to test conviction.
Expansion Targets: From $11 to $100?
The projection outlines multiple upside zones if bullish momentum accelerates.
The first major expansion range is seen between $11 and $13. A higher-probability extension target sits between $23 and $27. In a more extreme liquidity-driven scenario, some suggest a tail-risk blow-off move toward $100 could occur if macro conditions shift decisively into a risk-on environment.
These targets remain highly speculative and depend on sustained structural strength and broader market liquidity conditions.
2026 Framed as a “Curve-Ball” Year
The broader thesis characterizes 2026 as a volatility-heavy year, where fear and uncertainty could precede acceleration rather than signal collapse. The idea is that emotional reactions and retail panic may occur before a larger expansion phase unfolds.
In this narrative, the current environment is described not as a dead market, but as a conviction test within a longer-term bullish framework.
As always, XRP’s trajectory will ultimately depend on market structure, liquidity flows, regulatory developments, and broader crypto sentiment, but the debate over whether this is capitulation or consolidation is clearly heating up.
