A notable market analyst believes XRP might be on track to reach double digits after a 12-month price struggle.
This analysis, which came from EGRAG Crypto, originated as far back as November 2023, when XRP still ranged around the $0.50 to $0.60 price region. Notably, during that period, the market analyst called attention to a historical pattern he believes could trigger a massive price run for XRP.
For context, this pattern involved a cluster of three bullish candles that emerged on the monthly chart. According to EGRAG’s findings, each time this cluster of three bullish candles formed, XRP went on to enter a deep consolidation phase before seeing a massive breakout to greater heights.
XRP’s Historical Three Candle Formations
EGRAG confirmed that this structure has only occurred twice in XRP’s history. Specifically, in the first instance, XRP observed a 43.57% monthly gain in December 2015, saw a more modest 6.06% increase in January 2016, and then recorded a 23.8% rise in February 2016. These three consecutive monthly gains represented the first “three candle formation.”
Interestingly, after this formation, XRP entered a deep consolidation stage, ranging between $0.00562 and $0.00947 from March 2016 to February 2017. This marked a 12-month price range.
However, following the consolidation, a massive uptrend ensued. Specifically, from March to May 2017, XRP soared 8,000% to a new all-time high of $0.3988. Meanwhile, this rally formed the second cluster of three bullish monthly candles identified by EGRAG, leading to another period of consolidation.
Nonetheless, this time, the consolidation only lasted for five months, particularly from July to November 2017. Expectedly, after this second consolidation, another breakout ensued, resulting in a more conservative rally of 1,506% to $3.8 by January 2018.
Latest Formation Could Lead to XRP Rally to $10 or $50
After this, the “three candle formation” failed to materialize again until late 2023, during the time EGRAG first made his analysis. Data from the analyst’s chart shows that XRP rose 0.84% in September 2023, 16.54% in October 2023, and then 1.05% in November 2033. This resulted in the three-candle formation.
At the time, EGRAG noted that what would follow is consolidation. However, he presented two pathways. In the first path, XRP would consolidate for 5 months and then rally 1,500% to $10. Meanwhile, in the second path, XRP would range for 12 months and then surge 8,000% to $50.
Interestingly, XRP consolidated for 12 months and then broke out in November 2024 during the Trump-led rally. However, this rally has faced a roadblock, leading to months-long consolidation. Despite this, EGRAG has again called attention to the initial analysis, suggesting that the structure is still in play.
#XRP – 0.60c To 10$ Or $50:
When #XRP was 0.60c ( 202 Post 👇)My Targets where the Same.
All #XRPOG's can see the future. When everyone was against us we fought under the shades of spears. #XRPFamily IS THE ONLY FEW 🧠 https://t.co/ZSdqxMiNBY pic.twitter.com/2Y0W1zZ9Ud
— EGRAG CRYPTO (@egragcrypto) July 9, 2025
According to him, XRP market OGs can “see the future,” having persisted in their targets while everyone else was against them. During his initial analysis, he suggested that the average of both targets is $30, aligning with his long-standing $27 goal.
Currently, XRP changes hands at $2.82, up 7.61% over the past 24 hours. For XRP to reach the $10 target from here, it would need to rise 131%. However, a rally to $27 would demand a 1,015% increase, while the $50 target would necessitate a 1,966% rise.
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.
