[DigitalToday reporter Yoonseo Lee (이윤서)] An analysis said XRP could have room to rise to $8, $13 and $27 if it builds a bottom in the $0.70 to $0.90 range at some point in 2026.

The Crypto Basic, a blockchain media outlet, reported on May 5 that market analyst Chart Nerd said XRP remains in a correction zone in a long-term cycle and could post a sharp rebound after confirming key support.

The analysis centred on XRP having shown repeated price cycles over more than 10 years. Chart Nerd pointed to a recurring pattern in which a strong breakout followed a decline. He judged that where price finds stability is more important than calling the exact bottom in the current zone.

Chart Nerd cited a long-term rising support line as a key basis. He said that for about 13 years, whenever XRP has slid to that support line in a bearish phase, a strong rise followed. He described XRP as repeating a pattern of "rise, correction, rise again".

Past moves were similar. After XRP rose to $0.0614 in 2013, it tested a rising support line several times in 2014, 2015 and 2017, then reached a Fibonacci target zone of $0.14 to $0.40. At the time, XRP moved sideways for a long period between $0.003 and $0.04 before breaking out. Chart Nerd said the pattern of XRP rising after being trapped in a narrow range for a long time has appeared several times.

He said a similar pattern continued in the next cycle. After hitting a peak of $3.31 in 2018, XRP fell to around $0.10 to $0.12 in 2020 and then formed a rising support line again. He judged that this support line has held to this day. In the 2020 rebound, XRP rose from $0.10 to $2 in 2021, and later climbed from about $0.30 to near $1, and from about $0.40 to $3.60 in July 2025.

He saw the current situation as another correction rather than a structural breakdown. He drew a line by saying, "This is not a move where XRP goes to zero," and stressed that long-term lows are gradually rising. He also added that in bear markets, converging patterns such as a falling wedge or channel often appear and then lead to a breakout.

In the short term, he said XRP could rebound to the $1.80 to $2.00 range. He expected, however, that the rebound would be a temporary recovery rather than a trend reversal, and that XRP could confirm a bottom again as 2026 moves into the second half. He put the timing for bottom formation in the second or third quarter of 2026 and cited $0.70 to $0.90 as the key support zone.

He also stressed that a decline into that range does not need to be viewed negatively. Chart Nerd assessed that "a move into $0.70 to $0.90 is the normal flow of the cycle and an opportunity". He said XRP has shown a stronger recovery in the past after suffering similar or deeper drops.

He set price targets based on Fibonacci extension zones. If XRP builds a base around $0.80, $8 would represent about a nine-fold rise and $13 about a 16-fold rise. The analysis said that based on the 1.618 zone, $27 could also be in play. Even if a bottom forms at a higher level, he said there remains potential for gains of about five-fold to 20-fold.

Separately from the downside scenario outlined earlier, he also presented price levels that would determine whether an early upside turn is possible. Chart Nerd said the outlook could change if XRP breaks through key zones such as $1.80, $2.00 and $2.40, and it could shift into a bullish move earlier than expected. The analysis said XRP's direction in 2026 ultimately depends on whether it confirms support in the $0.70 to $0.90 zone and whether an upside break through upper resistance materialises.

It's worth noting, Since 2020, major $XRP macro reversals have consistently formed on the white ascending support line. These "touch-and-go" scenarios present high-conviction opportunities. Future fibonacci extensions targets rest between the 1.272, 1.414, and 1.618 ($8/$13/$27). https://t.co/93aQcgSuX1 pic.twitter.com/sS4H6HqNVu