A market expert suggests XRP symmetrical triangle breakout could push prices to double-digit figures, assuring investors that one month could change their lives forever.
This commentary came from EGRAG Crypto, a notable market analyst, amid XRP’s current battles at $2. For context, since hitting a local top of $3.02 on March 2 following Donald Trump’s initial disclosure around the U.S. crypto reserve, XRP has continued to slump, down 18% from this high.
The altcoin’s downward momentum reflects the turbulence within the broader crypto market amid macroeconomic uncertainties. Despite this, EGRAG, who has always been an XRP permabull, remains bullish on the asset.
XRP Could Target Triangle Midpoint at $9.7
In his latest analysis, he found that XRP is merely exhibiting a post-breakout pullback, a price action that typically occurs after an asset stages a decisive breakout. Particularly, XRP broke out of its seven-year symmetrical triangle structure in November 2024, when it registered a massive 283% gain that month.
After the breakout, XRP maintained its upward trajectory, increasing by a mild 6.43% in December 2024 and by a more substantial 45.98% in January 2025. However, February 2025 brought the much-expected correction. Being a healthy price movement, EGRAG expects XRP to fly once the correction ends.
As a result, he set up two price targets depending on how XRP’s price trajectory plays out. The first target lies at the $9.7 level. According to him, the asset will claim this level if its price movement respects the midpoint of the triangle breakout. Notably, several analysts like Alex Clay had previously projected a run to $10.
Interestingly, EGRAG advised that market participants who have a price target of $10 should employ a laddering out strategy. He suggested that they start selling portions of their holdings at $8, $9 and then when the ultimate $10 target hits.
Potential Run to $27 if 2017 Fractal Plays Out
Meanwhile, the market analyst still believes XRP has the potential to aim higher. He stressed that in the 2017/2018 bull run, XRP recorded an impressive 718% rally from the $0.35 to $0.39 range, this level was its local top at the time. EGRAG believes this could repeat.
The analyst pointed out that XRP’s local top for this cycle is $3.4, attained in January 2025. Applying the same 718% upsurge potential to this $3.4 top, EGRAG discovered that XRP could rally to $27. Interestingly, last December, he also predicted an XRP rise to $27, citing its price action above the Break of Structure (BOS).
In the latest analysis, EGRAG insisted that XRP’s momentum flip from bearish to bullish could occur in a month. “One month will change your life forever,” the analyst suggested.
He then noted the importance of observing market cycles. According to him, bullish reports like institutional interest would come and go, but the market will always observe its cyclical movements. At press time, XRP currently changes hands at $2.17, down 6.3% over the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
