XRP is trading near $1.04 as of this writing, down about 7.43% on the week. The short-term price action looks weak. But some traders are not worried at all.
The reason? A long-term weekly chart that has been making the rounds on crypto Twitter is pointing to a very different picture for 2026 and 2027.
Crypto analyst Celal Kucuker shared a weekly chart that puts XRP's current price right near a major support zone. The 0.618 Fibonacci retracement level sits at around $0.878.
The altcoin is currently sitting just above that level at $1.04. If the price dips further, the $0.86 to $0.87 zone is where many analysts expect strong buying to come in.
That zone also aligns with the lower boundary of a long-term ascending channel that has been forming on the weekly chart since 2018.
CoinGlass derivatives data is telling its own story. Here is what the numbers show right now:
Total derivatives volume is $2.92 billion, down 0.88% on the day.
Open interest has dropped 6.75% to $2.36 billion. That shows some positions are being closed.
Options volume is up 42.30% to $4.58 million. That is a big jump.
Options open interest rose 3.43% to $65.04 million.
On Binance, the long/short ratio for XRP/USDT accounts sits at 2.453. That means more than twice as many accounts are holding long positions compared to short ones.
The top trader long/short ratio by accounts on Binance is 2.7922. By positions, it is 1.4863. Both numbers lean bullish.
Over a 24-hour window, longs in the Rekt data total $43.12 million versus $943.46K in shorts. Longs getting liquidated far more than shorts tells you the market is still positioned for upside, even if it is getting squeaky.
The weekly chart from Celal Kucuker projects a move to the 1.618 Fibonacci extension level, which sits at $9.04. That would be roughly a 10x move from the current $0.87 to $1.04 range.
The analyst labels this target zone as a potential ATH window between December 2026 and February 2027. The chart overlays an ascending parallel channel that has contained XRP's price action since its 2017 peak.
This scenario also lines up with a Bitcoin run to around $54,000, which would likely lift the broader altcoin market, including XRP.
Crypto account EGRAG Crypto posted a short-term chart highlighting key price levels that were set up for a potential bounce. The levels marked on the chart were:
$1.0500 as a base support
$1.0900 as the next level
$1.1100 as a mid-range target
$1.1930 and $1.2600 as upper resistance zones
The post pointed out a specific candle that showed a potential entry signal. EGRAG Crypto noted that the setup, the signal, and the window were all there. Whether traders acted on it or not is another story.
That depends on your time horizon and risk appetite. Short-term, XRP is under pressure. Open interest is falling, and price is below key moving averages on the daily chart.
Medium-term, the $0.86 to $0.87 zone offers a potential floor based on Fibonacci support and the weekly channel. If the altcoin holds that level, history from 2018 and 2020 suggests a strong multi-month recovery could follow.
Long-term, the weekly chart suggests a window for a major rally exists. But timelines in crypto rarely go as planned.
No analysis is guaranteed. A few things could change this picture fast.
Regulatory developments around Ripple and XRP remain a key variable. Any negative news from the SEC case or global regulators could push below the $0.87 support.
A broader crypto market crash, triggered by macro events or a Bitcoin breakdown below key levels, could also invalidate the long-term channel scenario entirely.
Options volume rising 42% in a single day can also signal fear, not just optimism. Traders buying puts to hedge their positions may be driving that number.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile. Always do your own research and consult a licensed financial advisor before making any investment decisions.