Analyst Predicts XRP Could Drop to $1.14 in 2026 Before a Big Rally
Known technician CoinsKid warns that XRP’s 2026 bottom may be lower than current levels, predicting a potential drop to $1.14 before a renewed bullish impulse. XRP began 2026 strong, rising above $2 and briefly touching $2.41 on Jan. 6, but then fell to about $2.08 and retested $2 support. CoinsKid reviewed annual ‘bottom’ levels since 2020 and marked 2026’s bidding zone at $1.14. Using a 5-day chart, he argues the November 2024 breakout formed an Elliott Wave structure; the rally to $3.4 in Jan 2025 was Wave 1 and the current decline is Wave 2 showing an ABC correction. He says a deeper drop could reach the 1.414 Fibonacci extension (historically observed in 2015 and 2021) if XRP loses structure below $1.90. After the correction, CoinsKid forecasts a potential long-term target near $27, though he notes these calls are speculative and not financial advice. The article emphasizes technical reasons (symmetrical triangle breakout, Elliott Wave, Fibonacci levels) and frames $1.14 as a key bidding zone for traders watching XRP’s correction.
Bearish
The article relays a technical analyst’s call that XRP may undergo a deeper corrective leg to $1.14 before resuming a larger uptrend. That guidance is explicitly bearish for the near-to-medium term: it warns traders about downside risk and a likely continuation of the ongoing correction (Wave 2 / ABC). Key drivers cited are loss of structure below $1.90 and a historical tendency for XRP to hit the 1.414 Fibonacci extension during major corrections (examples in 2015 and 2021). For traders, this implies elevated short-term downside risk and the need to manage positions (tighten stops, scale into bids near the identified bidding zone, or wait for confirmation of Wave 2 completion). In the long term, the analyst still projects a bullish scenario (a potential move to ~$27), but he frames it as contingent on the correction ending — meaning trading strategy should prioritize risk control now and watch for technical reversal signals (support hold near Fibonacci 1.414, bullish reversal candlesticks, or a renewed structural breakout). Similar past patterns (deep corrections followed by large rallies) have produced strong recoveries but only after marked drawdowns; therefore traders should treat the $1.14 call as a tactical buying zone rather than a certainty and avoid overleveraging during the corrective phase.