XRP Headed to $17, Then Possibly $55? Analyst Shares Bullish Pattern
After a tough few months, XRP is finally showing signs of a major move. Crypto analyst EGRAG believes XRP is about to break out of a long-term consolidation and could soon hit $17, followed by a surge to $55, if history repeats itself.
The analyst is tracking a 6-month candle pattern that XRP followed back in 2017 before pumping massively. According to him, we are now at the 6th candle — the same stage where XRP once pumped 746% in a month.
Here’s a quick summary of the last 5 candles:
Nov 2024: +283%
Dec: +6.4%
Jan: +46%
Feb: -30%
Mar: -2.5%
Apr: +4.8%
If the 6th candle plays out like 2017, May 2025 could be explosive, with a target of $17 (up 672%). Breaking above the macro channel could even push XRP to $55, a 223% jump from there.