[DigitalToday reporter Jinju Hong] XRP has recently fallen below $1.20, and an analysis has suggested it could rebound as high as $27.06 based on long-term price cycles.

On Nov. 6 local time, blockchain outlet Decrypt reported that XRP analyst ChartNerd said sharp rally-and-drop patterns seen in past market cycles could offer clues about the next upward move after this correction phase.

In a post on X, formerly Twitter, ChartNerd urged investors to focus on the long-term trend rather than short-term volatility. He said, "Zoom out $XRP," and stressed that the market structure should not be judged solely on the recent decline.

A long-term chart he presented tracks XRP’s moves from 2014 to 2026. It includes three major upswings and large corrections that followed. From 2017 to 2018, XRP surged 111,098 percent and then went through a 96.66 percent correction. From 2020 to 2021, it rose 1,674 percent and then fell 85.41 percent. More recently, it gained 1,202 percent from 2022 to 2025 and then dropped 71.70 percent.

The pattern shows that across its trading history XRP has repeatedly seen deep corrections after large gains. In a separate post, ChartNerd noted that XRP has fallen more than 70 percent only five times in its history, including this time. He viewed 2026 as the fifth case.

Fibonacci extension levels were used for the long-term upside outlook. On the chart, the first target is $8.38 at the 1.272 extension. The next level is $13.55 at the 1.414 extension. The highest target was set at $27.06 at the 1.618 extension. An upward curved arrow on the chart also reflects a long-term bullish view.

Still, these figures are only price estimates based on technical analysis, not fixed values. It was also presented that XRP would need to overcome various obstacles in the market to reach those levels. ChartNerd also advised against overreacting to the recent price drop.

ChartNerd told investors who bought near the peak, "Learn a lesson from this drop and do not make decisions based on hopes for unrealistic price forecasts." He added, "You can use the current decline as an opportunity to lower your average purchase price," and said, "This opportunity may not last much longer."

In terms of market reaction, attention is focusing less on the plunge itself and more on the depth of the correction and whether past patterns repeat. A drop of more than 70 percent was a rare case, and ChartNerd argued that historically a strong recovery followed such large corrections. He saw this correction as well as potentially becoming a foothold for the next meaningful bull market.

The core of the analysis is focused on how similar the current correction is to past cycles rather than the timing of a short-term rebound. As a result, a key point to watch is whether the decline around $1.20 will conclude as a large correction like in the past, or whether additional volatility will continue.

Zoom out $XRP https://t.co/TlFkmYZ6lb