I recently looked at the XRP chart and noticed something quite interesting. The current price is around $1.38, a significant drop from the peak of $3.6 in July last year, but by tracking its Elliott Wave pattern from 2022 onward, it seems like we are in a major correction rather than the final top. In fact, from the bottom of $0.28 in 2022, XRP has had a pretty impressive recovery. It reached $0.94 in July 2023 (after the SEC ruling), then climbed further to $3.4 earlier this year. If we apply Elliott Wave theory, we might be in Wave 4 or even Wave 2 of a larger structure. The tricky part is not knowing exactly where we are in this cycle. But the optimistic point is that whether it's Wave 4 or Wave 2, the macro targets still point toward around $15-$20. If it's Wave 4, the final Wave 5 will push it to that level. If it's Wave 2 within a larger structure, then the probability is even higher — possibly up to $29. Fibonacci extensions show $12.2 as an intermediate point, $17.69 close to expectations, and $29.37 as the long-term target if Wave 3 is strong. Anyway, XRP is not just stopping at $20 .

An interesting situation is developing around XRP in recent days. The token is trading around $1.38, but analysts are sharing quite conflicting views on where it will go next. On one hand, major players are actively accumulating XRP — they have bought nearly 4.2 billion tokens worth about $5.7 billion since October. The net assets moving from centralized platforms to self-custody are also increasing, meaning fewer coins are available for sale on the market. The RSI has dropped to 30 on the weekly chart — a classic oversold condition that often precedes rebounds. Whales are clearly seeing something in this asset at current levels. But here’s the interesting part — some traders, including TradingShot, point to serious risks. They see XRP has been moving within a descending channel since July 2025, when the price fell from a high of over $3.65. The next downward target could be around the $0.90 level — the bottom of the 2022 bear cycle. WealthManager also warns that the cryptocurrency looks “very dangerous” right now. The XRP market capitalization margin is about $85 billion, and it remains the fourth-largest asset. But if the market turns around — everything could change quickly. The net assets held by whales could either support the price or cause a sudden crash if sentiment shifts. Keep an eye on this level of $1.39 — if we fall below, things will get interesting.

There is one thing about XRP and XRPL that I have seen many people not understanding - here, the infrastructure of DeFi is really growing rapidly, but the market has not yet fully recognized it. Analysts like Zach Ractker have repeatedly pointed out that the development of DeFi on XRPL is a huge oversight. While everyone talks about fast payments, new possibilities of DeFi are emerging that are not yet reflected in the market price. XRPL's DEX is actually one of the most overlooked aspects in crypto. Unlike other chains that rely on external smart contracts, it is built into the base layer and has been running since 2012. This means faster, more reliable, and less vulnerable to attacks. And this is very important for DeFi because security is the biggest concern. 2026 could be a pivotal year for XRPL's DeFi. The design decisions made years ago are now becoming crucial as institutions need secure, low-risk DeFi solutions. Tokenization, business on the ledger, all of this already exists on XRPL. What is happening now is very exciting. XRP is also being used on other chains through versions like wXRP and FXRP, and over 94 million XRP have been bridged. Undo Finance has launched a tokenized treasury fund on XRPL. All of this is making XRPL a hub for institutional DeFi. The current price is $1.38, but what is happening on XRPL is much bigger than that. If this pace continues into 2026, the growth of DeFi could be a major catalyst for XRP's market value. Many people still do not understand what is coming.