Here's When XRP Could Skyrocket Toward $28, According to Analyst

A new analysis from prominent crypto chartist EGRAG CRYPTO suggests that XRP could be preparing for an explosive price rally, potentially reaching as high as $28.70.

Crypto analyst Egrag Crypto has presented a technical analysis that suggests XRP could be setting up for a massive price explosion, potentially reaching as high as $28.70.

The analysis, which was shared on TradingView, uses a combination of historical data, Fibonacci projections, and technical patterns to create a bullish scenario for XRP, similar to its legendary breakout in 2017.

The analysis focuses on XRP's price action on a weekly scale. At the time of the analysis, XRP was trading at around $2.45.

The chart aims to highlight the visual symmetry between the 2017 breakout and the current market structure.

According to EGRAG, XRP previously saw a 1,772% surge over a 63-day period, starting late October 2017. This historical move is being compared to the current formation, which EGRAG describes as another "ascending triangle pattern" — typically a bullish indicator.

Surrounding the price chart are a series of Fibonacci arc levels, which are used to identify zones of support, resistance, and long-term trend strength. These arcs help contextualize XRP's historical and potential future movements. Overlaying these arcs are Fibonacci extension levels, labeled in green, which suggest several possible target zones: $1.21, $3.35, $8.49, $13.79, and ultimately $27.68.

One of the most critical levels highlighted is $3.35 — the region of XRP's previous all-time high. The chart implies that breaking and closing above this threshold could trigger the next phase of bullish momentum, possibly propelling XRP towards the $27-28 region.

EGRAG draws attention to a projected move that would reflect a similar 1,772% increase, just like in 2017. The forecasted path shows this move culminating around the $28 mark, assuming the breakout follows a comparable time structure and pattern.

The analysis anticipates the altcoin to require another 60 days for the 1,772% jump this time, which would push its price to the ultimate $27 target, currently aligning with the Fibonacci 1.618 extension.

Although the chart casually mentions July 21, 2025, as a possible timeframe, the main focus is less about specific dates and more about the pattern's potential.

At the heart of the analysis lies the concept that XRP might be coiling within a bullish structure — a setup that has historically led to rapid gains once key resistance is breached. The phrase "Zooming In" on the chart suggests EGRAG's belief that XRP is approaching a critical breakout phase.

It's important to note that the chart carries a disclaimer emphasizing that all targets and figures are for simulation purposes only and should not be misconstrued as financial advice.