The analyst known as EGRAG has identified a repetitive pattern in the price of XRP, based on a long-term ascending channel and historical double rally cycles. This pattern appeared in:
2017–2018: XRP rose from ~$0.05 to ~$0.39 (first peak), consolidated for ~245 days, and then climbed to $3.30.
2020–2021: From ~$0.79 to the first peak, then consolidation for ~151 days, followed by the rally to $1.96.
Current cycle: First peak at ~$3.40 in January 2025, consolidation at ~$2, and now suggests that we could see a new rally towards $28.16 (≈+777%) by September 2025.
Key condition: monthly close above $3.30
EGRAG highlights that XRP must close August above $3.30 to confirm the breakout of the double bottom pattern and activate the potential rally.
Currently trading around $2.99, just below the resistance level.
If this close is achieved, it could initiate a bullish phase that extends strongly throughout September.
Additional context and technical supports
Other optimistic views:
CrediBULL also comments that XRP is replicating a structure similar to the Elliott wave, which could push it to $28 if the trend continues.
Technical signals:
There are positive divergences detected in the XRP/ETH chart, and an increase in transaction volume, which indicates growing institutional and retail interest.
On the other hand, more conservative analyses project rallies towards $3.80, as long as XRP maintains support between $3.10–$3.33, supported by patterns like pennant and MACD crosses.
Considerations and risks
Decisive point: Monthly close above $3.30 is crucial to validate the bullish pattern.
Magnitude of the projection: +777% is a highly ambitious scenario, requiring the perfect alignment of market, fundamentals, and volume.
Technical context: Repetitive historical pattern + increasing volume are positives, but XRP already shows significant volatility.
External conditions: Progress depends on institutional adoption, regulatory stability, and a favorable climate in cryptocurrency markets.
The hypothesis that XRP could reach $28 is based on a historical technical pattern that has already yielded results in previous cycles. But its activation depends on closing August above $3.30. If achieved, it would pave the way for an aggressive rally. If not, we could continue in consolidation or revert to support levels.
This analysis is technically interesting, but it must be handled with caution: it represents a high-conviction view, not certainty.