An experienced market analyst has suggested that XRP could be on the verge of a 777% push to two digits, citing historical data.
This recent analysis, which came from market watcher EGRAG, emerged before XRP’s latest battle to hold above $3. Specifically, on the back of sustained bearish pressure after the Aug. 14 peak of $3.35, XRP has continued to observe losses, eventually relinquishing the $3 mark on Aug. 18.
Right before this bearish price action, EGRAG shared a monthly chart showing that XRP is likely mirroring a historical pattern that has played out twice over the past eight years. Notably, each time it occurred during this period, the pattern has led to impressive price gains for XRP.
XRP’s Historical Pattern
For context, data from EGRAG’s chart indicates that in this trend, XRP often records two impressive price rallies to two different tops after visiting a multi-year ascending channel. Specifically, after the first impressive rally to the first cycle top, XRP typically consolidates before recording another rally to the second top, often higher than the first peak.
This pattern first played out during the 2017/2018 cycle. Here, XRP visited the ascending channel when it soared to a range of $0.0490 to $0.0690. From this point, it observed the initial rally to the first peak of $0.3988 in May 2017. After the first peak, XRP consolidated for six months before rising to the second peak of $3.3. Specifically, the duration between the first and second peaks was exactly 8 monthly bars or 245 days.
The trend emerged again in the 2020/2021 uptick. In this cycle, XRP dropped to revisit the ascending channel in November 2020. After this, it rallied to the first peak of $0.79 and then pulled back into consolidation. Following the consolidation, XRP recovered to the second peak of $1.96 in April 2021. Notably, the duration between the first and second peaks was five monthly bars or 151 days.
Now, EGRAG’s chart suggests the pattern is playing out again. In particular, XRP again visited the ascending channel when it dropped to $0.5 from April to November 2024. However, an impressive run occurred in November 2024, following the U.S. elections. Notably, XRP soared to the first peak of $3.4 in January 2025.
XRP May Target $28 in September 2025
After the $3.4 peak, it pulled back to $2 and consolidated for six months before the recent recovery above $3. Data from the chart indicates that September 2025 will make it 8 monthly bars or 243 days since the first peak of $3.4. EGRAG believes the second peak could materialize during this month, especially if XRP follows the 2017/2018 trend. According to him, “the chart doesn’t lie.”
For the second peak in this cycle, the market analyst predicts a massive 777% increase, which could push the XRP price to $28.16. This aligns with a prediction from CrediBULL, another market watcher, who suggested that XRP may reach $28 as it has continued to follow a similar Elliott Wave pattern to Bitcoin (BTC).
Meanwhile, EGRAG also called attention to a strange development following the SEC and Ripple’s decision to end their long-standing battle. Since both parties filed to withdraw their appeals, Ripple CEO Brad Garlinghouse has failed to speak on the move. Notably, this has raised questions within the community.
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.
