Analyst Forecasts Massive 2,700% Surge for XRP Driven by Chart Trends

A prominent cryptocurrency analyst known as Egrag Crypto has set some ambitious price targets for XRP. His analysis suggests the token may soar to $45, representing an astounding increase of 2,700% from its current valuation.

An alternative, more conservative estimate puts the price at $19, translating to just over a 1,000% rise. He draws parallels to earlier market patterns, indicating that similar growth during past cycles occurred over approximately 770 days. However, not everyone agrees with his bullish perspective.

Past Price Movements And Timelines

Egrag Crypto notes that XRP’s spikes in both 2017 and 2021 showed nearly identical trends. In 2017, the token achieved a peak of $3.25 following a remarkable 2,770% increase, while in 2021, it climbed 1,052% to about $1.80.

Each significant rise was preceded by a bearish crossover between the 21 EMA and the 33 MA, followed by a period of sideways trading lasting around 777 days post-2018 peak and 770 days following the 2021 high. He posits that a similar trend began in late 2024 when XRP spiked nearly sixfold from its previous lows.

Optimistic Projections And Possible Drawbacks

If past patterns hold true, XRP could potentially reach $45. A less aggressive trajectory might still propel it to $19, with Egrag Crypto suggesting an intermediate goal of approximately $27 as a realistic benchmark.

These estimates presuppose a steady upward progression, but market movements rarely follow a straight line. Substantial gains are often accompanied by significant retracements. Traders aiming for a 2,700% return may encounter lengthy waiting periods and sharp declines.

Contrarian Opinions Emerging

Some analysts caution against succumbing to excessive enthusiasm. Market observer Koroush suggests it’s an opportune moment for short positions, forecasting a potential drop to $1.30. Other analysts support this cautious stance, citing decreasing demand and waning momentum.

Guidance For Investors

Egrag Crypto advocates for a straightforward Dollar-Cost Averaging strategy. By purchasing smaller amounts at consistent intervals, investors can avoid exposure from a single large buy. He also advises selling in increments to secure profits at critical price points rather than risking it all on a peak. This gradual approach can mitigate losses and help manage market volatility.

The discussion regarding XRP’s future trajectory is ongoing. While historical charts provide one perspective, on-chain data, legal issues, and broader economic factors paint a different picture. If Egrag Crypto’s assertion holds that charts aren’t deceitful, XRP may be poised for significant upward movement.