EGRAG Crypto's analysis indicates potential price growth for XRP based on previous market cycles and historical data.
Historical Rallies and Current Expectations
In his latest commentary, EGRAG Crypto highlighted that XRP could replicate previous significant rallies from its price of $0.5789, presenting a model where different price targets are color-coded. The first major rally, marked as 'White', occurred from July to December 2014, where XRP rose by approximately 932%. If the same proportion is applied to the current low of $0.2870, the price could potentially reach $3. This level was briefly achieved in January 2025. The next phase, 'Yellow', is expected as a near-term rise to $4.85, based on a 1,563% increase recorded from March 2020 to April 2021.
Further Predictions: $6.22, $7.68, and Beyond
EGRAG predicts the next price surge represented as the 'Red' rally, modeled after a 2,035% increase from August to December 2013, which could bring the price to $6.22. The 'Blue' phase suggests a rise to $7.68 based on a 2,536% increase from July 2017 to January 2018. The most ambitious long-term target, marked as 'Green', refers to a potential price of around $27, replicating a growth of 9,468% witnessed between January and May 2017.
Conclusion
Currently, XRP is trading around $2.30, needing a rise of approximately 1,073% to hit the $27 target. While these projections are speculative, they are grounded in historical patterns that have repeatedly occurred across various market cycles. Observers are closely monitoring XRP's price movements in the coming weeks.
EGRAG Crypto's analysis may provide insights into the possible future of XRP and its price movements, generating interest among investors and analysts.
