Analyst Predicts XRP Surge from $27 to $120 — Here's the Reason
A prominent market analyst has expressed strong confidence that XRP is mirroring its 2017 price pattern, suggesting the asset could skyrocket to a three-digit valuation, far surpassing his previous targets.
This bold forecast comes from EGRAG Crypto, a seasoned analyst and well-known XRP advocate. EGRAG has long maintained that XRP might be replicating its 2017 trajectory, a period during which XRP exploded to an all-time high of $3.80 by January 2018.
In his most recent analysis, EGRAG revealed he is now more certain than ever that XRP is faithfully following this historic pattern. Back in 2017, XRP rallied by an astounding 6,319%, climbing from $0.0062 in March to $0.3988 by May before undergoing a brief consolidation phase. Following this pause, XRP resumed its surge, eventually reaching $3.80.
Is XRP Repeating 2017?
Signs suggest history may indeed be repeating itself. XRP surged 578% from $0.50 in November 2024 to a peak of $3.39 in January 2025 — a pattern reminiscent of 2017’s initial rally. Much like before, the surge encountered resistance, leading to a pullback and three months of consolidation.
EGRAG now firmly believes XRP is mirroring the 2017 movement, indicating another major rally could be imminent. However, he cautions that while the fractal appears consistent, there could be variations in timing — either delays or accelerations.
His analysis also highlights that XRP is currently progressing through a classic 5-wave Elliott Wave structure. According to his chart, Wave 1 culminated with the rally to $3.39 in January, and XRP is now correcting in Wave 2. The upcoming Wave 3, typically the strongest in Elliott Wave theory, could bring significant upside once the correction ends.
EGRAG’s Targets: From $27 to $120
According to EGRAG’s projections, Wave 3 could propel XRP to $27 between June and September 2025 — a target he has consistently championed. Last December, he pointed to a technical signal — the crossing of the 21 EMA above the Break of Structure (BOS) — as a key catalyst for this surge.
However, $27 is not where the story ends. EGRAG’s chart suggests that after reaching $27, XRP might experience a sharp decline to around $5 during Wave 4, marking the beginning of a multi-year bear phase.
Despite this projected correction, a powerful recovery is expected in Wave 5. EGRAG envisions XRP soaring past its previous $27 peak to an astonishing new all-time high of $120. This would represent a staggering 5,072% increase from XRP’s current price of $2.32. At $120, XRP’s total market capitalization would approach an impressive $7 trillion.