Analyst Predicts XRP Price Could Reach $120, Echoing 2017 Cycle
Crypto analyst EGRAG CRYPTO predicts XRP may mirror its 2017 price cycle, reaching $27 and eventually $120. He cites a long-term Elliott Wave analysis, suggesting initial bullish momentum followed by a correction, potentially placing XRP back in triple-digit territory by 2025.
A prominent crypto analyst known as EGRAG CRYPTO has recently hinted at a potential surge for XRP, claiming its price trajectory resembles the fervent rise seen during the 2017 cycle. By sharing a chart on social media platform X, EGRAG proposes that XRP is set to follow a bullish pattern that could eventually drive its price to an astonishing $120, beginning with an initial target of $27. The analyst’s optimism is underpinned by the long-term Elliott Wave pattern depicted in the chart.
Referring back to 2017, this period is critical for XRP, which witnessed its price skyrocket from less than a cent to an all-time high of $3.84. Factors such as exchange listings and rampant speculation surrounding Ripple’s adoption helped fuel this surge, which followed a traditional Elliott Wave structure involving five waves punctuated by brief corrections. However, by early 2018, that bubble burst, pushing XRP into a lengthy bear market alongside the broader crypto sector.
EGRAG CRYPTO contends that XRP is currently retracing a path similar to 2017, asserting that the token is in the process of forming its second wave—essentially a correction after the initial bullish impulse. This first impulsive wave saw XRP soar to $3.4 between late 2024 and early 2025. Presently, XRP seems to be trading around $2 in what the analyst views as the correction or Wave 2.
The next pivotal moment for XRP lies in the anticipated formation of Wave 3, which often extends aggressively, typically hitting 161.8% of the first wave’s range. EGRAG estimates that this development could see XRP surpass double digits by summer 2025, aiming for a peak around $27 before entering another market correction.
This projected Wave 4 is anticipated to be harsh, possibly pushing XRP down to about $5.50 over a span of three years. After that, a subsequent Wave 5 surge could propel XRP to new heights, generating a move analogous to Wave 1 or 61.8% of Wave 1 plus Wave 3, which could result in XRP clinching a spot in the triple-digit range, potentially reaching as much as $120.
As of now, XRP is priced at $2.19, having gained 2% in the last day. Should EGRAG’s predictions hold, the anticipated rises to $27 and $120 would translate to jaw-dropping increases of about 1,132% and 5,380%, respectively, from current levels.
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