XRP News Today: XRP Price Targets Rise to $27 by 2026 in Egrag Crypto's Updated Model

Crypto analyst Egrag Crypto has released an updated version of his ongoing charting model for XRP, dubbed “Color Code 2.0.” This new iteration includes refined Fibonacci-based targets and revised Elliott Wave interpretations, providing a more detailed outlook on XRP’s price movements.

Shared publicly through a tweet on May 18, 2025, the updated analysis presents two structured paths, both highlighting bullish projections for XRP’s price in the medium to long term. The Color Code chart, a key component of Egrag Crypto’s analysis, features distinct colored zones that represent different market conditions: green for bullish price zones, blue for supply zones, yellow for ranging periods, orange for accumulation, and red for demand zones or “Red Flag” areas.

According to Egrag, the breakout from the accumulation and ranging zones has been successful, validating the previous Color Code analysis. He notes that the structure was repeatedly revised over time and has proven accurate. The first scenario outlined in Version 2.0 begins with Wave 1 starting in January 2023, concluding with Wave 2 on July 4, 2024. Wave 3, typically the strongest in Elliott Wave theory, ended around January 16, 2025. The correction that followed, Wave 4, is identified as having likely concluded on April 6, 2025. Egrag states that XRP is now in the early phase of Wave 5, which has begun with a sub-wave 1, indicating the start of another bullish leg. In this scenario, the target range for XRP lies between $8 and $13, corresponding to various Fibonacci levels highlighted in the chart. Notably, the 2.0 Fibonacci level is around $7.15, 2.272 at approximately $8.75, and the 2.618 level near $11.32. According to the Color Code model, these zones fall within the broader green area on the chart, signaling strong bullish sentiment.

The second wave structure is a more extended and aggressive bullish projection. Here, Wave 1 is set to begin on July 4, 2024, and Wave 2 is considered to have potentially ended around April 6, 2025. The upcoming Wave 3, which Egrag describes as potentially producing a “blow-off top” or highly impulsive move, is expected to unfold during the summer months, likely peaking around September 2025. A corrective Wave 4 is forecasted to occur in the fourth quarter of 2025. The final Wave 5, described as the strongest cycle, is projected to push XRP toward the $27 price level by the first quarter of 2026. Both scenarios incorporate key Fibonacci extensions, with 3.272 marked at approximately $18.41 and 3.888 reaching as high as $29.10. These targets reflect the full potential of the long-term bullish wave structure if XRP continues to follow the Elliott Wave model presented in the charts.

In his closing remarks, Egrag asks his audience which of the two scenarios they consider more likely, suggesting flexibility in interpreting market developments. The analysis is also accompanied by a standard disclaimer emphasizing that all figures and projections are simulations and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent any official opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk.