XRP is nearing a critical moment, and chart analyst EGRAG says the final leg of the rally is still ahead, and it could be epic.
In a recent update, EGRAG shared a long-term 6-month XRP chart, noting that only 4 months and 29 days remain before the current candle closes.
XRP’s Final Leg Is Coming
The analyst raised an intriguing question for the XRP community: Has the peak already passed unnoticed, even by seasoned observers like himself, or is the market on the verge of making history by surpassing a significant price barrier?
Notably, XRP has experienced two phases of historic price pumps over the past year. The first began in November 2024, with XRP reaching $3.40 in January, delivering a surge of nearly 600%.
After cooling off, a renewed bullish phase emerged in July, with XRP breaking past levels that many believed marked a new all-time high. In particular, XRP reached $3.66 before pulling back.
Some consider this an all-time high, while others argue the true high won’t be confirmed until XRP surpasses $3.84.
Meanwhile, as the market awaits the next bullish phase, some traders have begun shorting XRP, claiming the bull run is over. However, others maintain that prices in the $10 range remain possible.
Despite the prevailing uncertainty, EGRAG remains confident in a bullish outcome. He stated that he belongs to the camp expecting one final massive price jump before a bear season emerges.
Based on this conviction, he outlined how he believes XRP could perform in the upcoming phase.
XRP to $4.89 or $48.90?
In his analysis, EGRAG identified two potential price targets for XRP, depending on the type of scale used. On a non-logarithmic scale, the target is $4.89. However, on a logarithmic scale, the target is a much higher $48.90.
With XRP currently trading around $3, reaching $4.89 would require a gain of only 63%. Meanwhile, the higher target would demand a far more challenging 1,530% surge.
Rather than favoring one scale over the other, EGRAG proposed averaging both targets, arriving at a middle-ground projection of $27. Notably, this would represent an 800% gain from today’s price.
Supporting Analysis
This price target was also featured in a previous analysis by EGRAG, where he explained what could trigger the surge. According to him, the key catalyst is a strong close above the “Bifrost Bridge,” a resistance zone XRP has tested for over 240 days.
Breaking above this level could propel XRP toward $27. Other analysts also expect near-term targets between $4 and $15, supported by technical indicators like Fibonacci extensions.
Historical surges in 2017 and 2021 lend further credibility to EGRAG’s bold forecast, suggesting that the $20–$30 range could be within reach if XRP breaks through critical resistance.
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