A recent post by crypto enthusiast Amonyx drew attention within the XRP community, referencing predictions from chart analyst Egrag Crypto, who claims XRP is on the brink of a breakout that could push past $17.
Bullish Chart Patterns
Egrag Crypto's projections are based on detailed chart analysis. He identifies a bullish pennant forming on XRP’s macro chart, a historically reliable setup that often precedes explosive price movement. If XRP breaks above the critical resistance level around $3.40, the next leg up could be significant. Egrag outlines two key price targets: a conservative target of $15 and a more aggressive trajectory toward $17. He also revisits a larger symmetrical triangle formation suggesting a measured move projection of approximately $17.76, with long-term potential near $27.30.
Price Action and Market Sentiment
As of writing, XRP is trading around $2.22, reflecting a period of consolidation across the crypto market. Nonetheless, XRP has maintained a bullish structure on higher timeframes. Technical momentum is gradually building, with positive signals emerging from RSI trends and volume indicators. The $3.40 resistance remains crucial for higher valuations. If this level is convincingly broken, analysts like Egrag believe the $17 target could be reached sooner than expected. However, failure to clear this threshold would likely delay the rally or trigger a local correction.
Long-Term and Institutional Outlook
XRP's long-term outlook continues to attract optimism from analysts and investors alike. The XRP Ledger (XRPL) is increasingly explored for tokenization and cross-border settlements as traditional finance slowly integrates blockchain solutions. Institutional interest is gradually rising, particularly with the stabilization of Ripple's legal standing. Although the SEC's legal battle with Ripple persists, the court's favorable ruling on programmatic sales remains unchallenged. Recent AI and trend-based predictions suggest XRP could reach $5–$10 by 2025.
If XRP sustains its structure and breaks key levels with strong confirmation, a significant rally may indeed be on the horizon. The coming weeks could prove decisive for XRP's trajectory and for investors who have patiently waited for the next explosive move.
