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| XRP |
Could XRP Repeat Its 2017 Bull Run?
XRP could be on the verge of replicating its explosive 2017 bull run, according to analyst EGRAG CRYPTO. Based on Elliott Wave Theory, EGRAG recently outlined a bold long-term scenario through social media platform X.
According to NewsBTC, EGRAG highlighted that XRP’s current price movement closely mirrors the 2017 pattern. He suggested XRP is currently undergoing a Wave 2 correction phase, trading around $2.19 after a surge to $3.4. This surge occurred between Q4 2024 and January 2025, aligning with the expected Elliott Wave cycle.
Major Surge Expected in Wave 3
EGRAG predicts XRP will soon enter the powerful Wave 3 phase. In Elliott Wave Theory, Wave 3 typically delivers the strongest gains, often rising 161.8% of Wave 1's length.
Thus, EGRAG forecasts XRP could skyrocket to $27 by summer 2025, a staggering 1,132% increase from today's levels.
After reaching $27, XRP may experience a multi-year correction during Wave 4, potentially dropping to $5.50. Nevertheless, this would set the stage for Wave 5, where XRP could soar to an ambitious target of $120.
Long-Term Growth But With Volatility
The final goal of $120 implies a 5,380% rise from current prices, based on EGRAG's analysis.
However, he also warned investors about expected years of volatility and necessary patience during corrections. Currently, XRP trades at $2.19, up 2% over the past 24 hours, as the market watches EGRAG’s prediction closely.