XRP Set to Skyrocket to $120? Here’s Why This Top Analyst Thinks It’s Possible!

Updated

April 29, 2025

Gambar XRP Set to Skyrocket to $120? Here’s Why This Top Analyst Thinks It’s Possible!

Jakarta, Pintu News – A renowned market analyst has stated that he is now increasingly convinced that XRP is following the price movement pattern of 2017, which shows the potential for a triple-digit price spike, well above his initial target.

This statement comes from EGRAG Crypto, an experienced analyst and staunch supporter of XRP. Previously, he has consistently stated that XRP is likely to follow the pattern of 2017, during which time the price of XRP surged to a record high of $3.8 in January 2018.

However, in its latest analysis, EGRAG shows stronger conviction that this pattern is indeed repeating itself. To illustrate, XRP’s price movement in 2017 showed a surge of 6,319%, from $0.0062 in March 2017 to an initial peak of $0.3988 in May 2017.

After that, the price experienced a correction and consolidation before rising sharply again to $3.8 in January 2018.

XRP Following the 2017 Fractal Pattern?

Interestingly, it currently appears that XRP is indeed following the fractal pattern of 2017. Since November 2024, the asset has surged by 578%, from a price of $0.5 to $3.39 in January 2025.

As was the case in 2017, this initial surge encountered resistance that triggered a price drop, and since then XRP has been moving in a consolidation phase for the past three months or so.

#XRP – $27 Then $120 💰:

I'm becoming increasingly convinced that we're mirroring the 2017 cycle, but the timing may be either delayed or accelerated.

As we approach the end of Wave 3 this summer (double digits), I believe Wave 4 will unfold over the next three years, followed… pic.twitter.com/BrjqdZrnqb
— EGRAG CRYPTO (@egragcrypto) April 24, 2025

Looking at this latest price movement, EGRAG now confidently states that XRP is repeating the price movement pattern of 2017. This opens up the opportunity for another big run-up.

However, the analyst also acknowledged that even if XRP follows the fractal, the timing could be delayed or even accelerated.

Furthermore, data from the EGRAG chart shows that XRP is currently in a 5-wave Elliott wave structure. For your information, this structure dates back to last November, where the spike to $3.39 in January 2025 marked the end of Wave 1.

Meanwhile, the correction from the $3.39 peak brought XRP into the Wave 2 phase, which is currently still ongoing. Based on the EGRAG chart, Wave 3, which will begin when XRP manages to bounce back from this correction, is expected to result in significant price gains.

EGRAG Predicts XRP to Break $27 to $120

Based on EGRAG’s chart analysis, the 3rd Wave in the Elliott Wave structure could take the price of XRP to $27 this summer (between June and September 2025).

Interestingly, this $27 target has long been a key reference point for EGRAG, with it citing various technical triggers as reasons.

#XRP IS FAVOLOSO 🇮🇹 – Confirmation of $27 Incoming! #XRP is currently ranging above the BOS and patiently waiting for its rendez-vous avec mon amour 🇫🇷 with the 21 EMA.

When this meeting happens ABOVE the BOS and the 21 EMA crosses it, tagging #XRP price, I will confidently… pic.twitter.com/eSDxLti0V4
— EGRAG CRYPTO (@egragcrypto) December 23, 2024

Last December, for example, he stated that XRP could potentially reach that price if the 21-day exponential moving average (21 EMA) breaks out of what he calls the Break of Structure (BOS) area.

However, in its latest commentary, EGRAG emphasized that the $27 mark is not the final target for XRP. Its chart shows the possibility of a major correction from the $27 level all the way down to $5 in Wave 4.

According to him, this correction phase will last for about three years and could potentially mark the beginning of a bear market.

However, EGRAG also predicts that there will be a recovery through Wave 5, which could push the price of XRP to break the previous peak and reach a new record high of $120.

This ambitious $120 target would mean a 5,072% jump from XRP’s current price of $2.32. If this price is achieved, XRP’s market capitalization will jump dramatically to around $7 trillion.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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