Analyst Dismisses Claims XRP Has Already Hit Its Cycle Top at $3.40, Predicts Surge to $24

Crypto analyst EGRAG Crypto has dismissed recent claims that XRP has already peaked in its current cycle.

In a recent commentary, he suggested that the crypto asset could still reach between $10 and $27, challenging suggestions that the cycle top sits at $3.40, a price XRP claimed during its uptrend in January 2025.

EGRAG Dismisses Claims XRP Has Already Reached Its Cycle Top

EGRAG based his argument on a conversation with an old friend from his university days, a blockchain professor he identified as Dr. Y. While Dr. Y holds a PhD in computer engineering and teaches blockchain at a U.S. university, he insists that $3.40 marks the peak for XRP in this cycle. 

Notably, EGRAG revealed that he disagreed with this notion, saying his friend understands the technology but misses how markets move based on emotion and sentiment. According to him, he reminded Dr. Y of their university days when Dr. Y handled the coding while he delivered the presentations, and both of them earned top grades. 

He said the same logic applies today. Specifically, while Dr. Y sees the tech side clearly, he does not fully understand how emotional momentum drives crypto prices. EGRAG stressed that this emotional aspect matters just as much as charts.

EGRAG disclosed that Dr. Y brought up global concerns like war, growing U.S. debt, and changing geopolitical power as bearish pointers. However, he dismissed these points as distractions fueled by mainstream narratives. 

He argued that people focus too much on doom-and-gloom headlines and miss the bigger opportunity. EGRAG believes the world stands at the edge of its most explosive era of growth, thanks largely to blockchain.

Areas Tokenization Could Help in RW Applications

He then discussed how tokenization could release trillions in real-world value. The analyst called attention to multiple areas where tokenization may help in real-world applications, arguing that this could help the prices of assets like XRP.

First, he explained that global equities, estimated at $100 trillion in 2024, could see a major change as tokenization increases liquidity and allows for fractional ownership. Also, derivatives, with a total market size of over $600 trillion, could also benefit by reducing risk and improving efficiency.

Speaking further, he pointed to real estate as another example, with the U.S. market worth about $50 trillion and global property valued at roughly $280 trillion. Tokenization could make buying, selling, and managing property faster and more accessible. 

Interestingly, EGRAG also discussed the $27 trillion locked in Nostro/Vostro accounts used for cross-border payments. Several market commentators have argued that XRP could streamline this system and release more efficient liquidity.

Art, Collectibles, IP, Gaming and Healthcare 

Also, the art and collectibles market, estimated at $1.7 trillion, could open up through token-based ownership. Debt instruments, totaling around $250 trillion, could become more transparent and cost-effective. 

Meanwhile, intellectual property licensing, worth about $5 trillion, might become easier to manage and transfer. Supply chains, insurance policies, and even music rights, worth $1 trillion, $5 trillion, and $20 billion respectively, could benefit from blockchain-backed ownership and automation.

He also highlighted gaming assets worth $200 billion, energy credits estimated at $50 billion, and healthcare data valued at $100 billion. EGRAG’s commentary suggests that these sectors all stand to gain from better privacy, traceability, and liquidity.

XRP Targets $10 to $27 as Cycle Top

Notably, these areas still remain untapped, and assets like XRP could benefit from reaching them. Meanwhile, EGRAG pointed out that Dr. Y warned of a potential 85% crash from the $3.4 price he believes is the asset’s cycle top. If this materializes, the drop could lead to a price of $0.42. 

Nonetheless, EGRAG believes this is unlikely. While an 85% crash could occur, he suggests it might occur from a higher price, as XRP could rise to at least $10, possibly reaching as high as $24 or even $27. If XRP claims the $24 price level, an 85% drop would lead back to the $3 region.