Analyst Projects XRP Could Rise Up to $45 Based on Historical Data

Analyst Egrag Crypto forecasts potential price targets for XRP: up to $45 (2,700% increase) or $19 (1,000% increase). He bases this on historical patterns observed in prior market cycles.

Historical Moves and Cycle Timing

XRP rose to $3.25 in 2017 with a 2,770% gain.
In 2021, it increased by 1,052% to around $1.80.
Rallies involved bearish crossovers followed by sideways trading for approximately 770 days post-peak.
Current setup began late in 2024 with a nearly sixfold rise from previous lows.

Bullish Targets and Risks

Predicted targets are $45 or $19, with an intermediate target of about $27.
Market movements rarely follow straight paths; sharp pullbacks are common.
Traders should be cautious of potential long wait times and steep declines.

Bearish Views Gain Ground

Some analysts suggest a bearish outlook, predicting a decline to $1.30.
Concerns include weakening demand and faltering momentum.

Advice for Traders

Egrag Crypto recommends Dollar-Cost Averaging: buy small amounts at regular intervals.
Sell in portions to secure profits at key levels.
This approach can mitigate losses and manage volatility.

The discussion around XRP's future continues, influenced by historical data, on-chain trends, legal circumstances, and macroeconomic factors.