Analyst EGRAG Crypto has predicted the timeline for XRP to claim his ultimate two-digit target, further highlighting the breakout catalyst.
The market watcher discussed this in a recent commentary, suggesting that XRP might still be following its 2017 trajectory, a sentiment held and shared by several other analysts. According to EGRAG, XRP is replicating the last section of the 2017 run and could hit a $27 target in the next 60 days.
XRP Repeats 2017’s Initial Run and Consolidation
He leveraged this position to suggest that a major breakout might be looming. For context, XRP underperformed at the start of the 2017 bull run. However, it eventually saw a meteoric surge from $0.0055 in March 2017 to a peak of $0.3988 in May 2017. After this, it witnessed a pullback and subsequent consolidation for six months.
Interestingly, this pattern also played out during this bull run. Notably, XRP also underperformed in 2023 and most of 2024, languishing at the $0.5 mark. However, following the U.S. elections, XRP outperformed the rest of the crypto market with a near 600% run from $0.5 in November 2024 to $3.4 in January 2025.
Nonetheless, much like the 2017 run, it also faced a pullback in January 2025 and is now observing a consolidation. With this eerie similarity, EGRAG insists XRP is following the 2017 fractal.
XRP Looking to Replicate 2017’s Second Upswing
Notably, following the six-month consolidation in 2017, XRP saw another 1,772% increase to claim its all-time high of $3.8 by January 2018. This marked the second wave of the rally. EGRAG believes XRP is on track to witness this second wave once the current consolidation ends.
The chart shows that it took around 63 days for XRP to soar 1,772% following the 2017 consolidation. Leveraging this precedence, he expects the asset to take another 60 days for the 1,772% uptick this time, which would push its price to the ultimate $27 target, currently aligning with the Fibonacci 1.618 extension.
Nonetheless, EGRAG advised market participants to ensure they secure profit along the way once XRP breaks out of the current consolidation phase. Notably, before the ultimate $27 target, the analyst already identified lower price goals of $8.49 (Fib. 1.272) and $13.79 (Fib. 1.414).
Support and Resistance Levels to Watch
Meanwhile, as the market waits for the consolidation to dissipate, EGRAG highlighted a level that XRP must maintain to remain bullish. According to him, the asset must hold above the 21-week EMA, currently at $2.3, to keep the bullish momentum. Currently, XRP trades at $2.34, slightly above this mark.
The analyst also identified the resistance levels XRP needs to breach to confirm that the breakout is now in effect. He suggested a rally above Fibonacci 1.414 at $2.7 would strongly signal an upward push. However, a push above the $3 mark would confirm the breakout is now underway. EGRAG expects XRP to claim $27 in July 2025 if the 2017 run repeats.
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.
