Analysts forecast that XRP may experience a significant price surge if current trends repeat. Expert EGRAG highlights historical data that could indicate a potential increase of over 700%.
Historical Data as a Basis for Prediction
Analyst EGRAG claims that the price of XRP is mirroring previously recorded patterns. He notes that in the last eight years, XRP has shown significant growth twice: first after a peak cycle followed by a consolidation period, and then a second larger rally. In 2017, XRP's price surged to $0.39, then to $3.30 in early 2018, and again in 2020, it went from $0.79 to $1.96.
Current XRP Price Situation
In 2024, XRP revisited the ascending channel after its price fell to $0.50. A quick rebound followed the U.S. elections in November, sending the token to $3.40 in January 2025. However, it then pulled back to $2, leading to an extended consolidation phase. EGRAG states that this consolidation phase is approaching a critical point.
Analytical Insights and Commentary
EGRAG believes that if the trend continues, the next rally could occur in September 2025, aligning with similar situations from past cycles. The price of XRP is projected to potentially reach $28, representing a 777% gain from current consolidation levels. Other analysts, like CrediBULL, also support this optimistic forecast, claiming that XRP is following a similar Elliott Wave structure as Bitcoin once did.
Considering the historical data and current market trends of XRP, analysts remain confident that the upcoming price behavior could be a pivotal moment for the token. Time will tell if this prediction proves accurate.
