EGRAG Predicts XRP Will Hit Double Digits

EGRAG Crypto analysts have recently predicted when XRP will reach its eventual target of double digits, while also highlighting the key triggers of the potential surge.

EGRAG Crypto analysts have recently predicted when XRP will reach its eventual target of double digits, while also highlighting the key triggers of the potential surge.

In a recent commentary, EGRAG said that XRP’s current movement is likely to follow the same pattern as 2017 – a view shared by several other analysts.

According to EGRAG, XRP is repeating the final phase of its 2017 surge and could potentially reach its $27 price target in the next 60 days.

XRP Repeats 2017’s Pattern of Beginnings and Consolidation

EGRAG utilized the similarity of this pattern to suggest that a major breakout is likely in the near future. To illustrate, XRP was less impressive at the beginning of the 2017 bull run.

However, it then surged dramatically from $0.0055 in March 2017 to peak at $0.3988 in May 2017. After that, XRP experienced a decline and entered a six-month consolidation phase.

Interestingly, a similar pattern has also occurred in this bull run. XRP also recorded underwhelming performance throughout 2023 and most of 2024, stagnating at around $0.5.

But after the US election, XRP took off, outperforming the rest of the crypto market with a surge of almost 600%, from $0.5 in November 2024 to $3.4 in January 2025.

Nevertheless, just like in 2017, XRP experienced another correction in January 2025 and is now entering a consolidation phase. Due to this striking similarity, EGRAG asserts that XRP is currently following the 2017 fractal pattern.

XRP Poised to Repeat 2017-like Second Spike

Interestingly, after a six-month consolidation phase in 2017, XRP recorded another 1,772% increase and reached an all-time high of $3.8 in January 2018. This marked the second wave of gains in the cycle. EGRAG believes that XRP is currently on the same path to experience a second surge once the current consolidation phase ends.

According to the chart, it took about 63 days for XRP to register a 1,772% gain after the 2017 consolidation.

With reference to this pattern, EGRAG expects XRP to experience a similar rise within the next 60 days, potentially pushing the price up to its final target of $27 – which is currently in line with the 1,618 extension Fibonacci level.

However, EGRAG reminds market participants to start taking profits gradually once XRP breaks out of the consolidation phase.

Before reaching the final target of $27, it has set two interim price targets of $8.49 (Fibonacci 1,272) and $13.79 (Fibonacci 1,414).

Support and Resistance Levels to Watch Out For

While the market waits for the consolidation phase to end, EGRAG highlights the important levels that XRP must maintain to remain in a bullish trend.

According to him, XRP should remain above the 21-week exponential moving average (EMA) line, which is currently at $2.3. Currently, the price of XRP is at $2.34, slightly above that level.

In addition, EGRAG also identified a resistance level that XRP needs to break to confirm that the breakout is actually happening. He mentioned that a price spike above the 1,414 Fibonacci level at $2.7 would be a strong signal for the next upside move.

However, if XRP manages to break the $3 level, then it will be a confirmation that the breakout phase is underway.

EGRAG predicts that XRP will reach a price of $27 in July 2025 if the 2017-like movement pattern is repeated.