A well-known market commentator believes the ongoing XRP price struggles only reflect a consolidation phase before the next big move.

Specifically, as the broader crypto market witnesses a large slump, XRP has observed five consecutive intraday losses for the first time since June and is now on track to record a sixth losing day for the first time this year. Amid this downturn, XRP now trades for $2.73, having lost the $3 psychological level as well as the $2.9 and $2.8 price marks.

Despite this bearish momentum, market analyst EGRAG Crypto believes an upward push is still on the horizon. Speaking in a report a few days back, EGRAG sarcastically suggested XRP was on the brink of witnessing a price “crash.” However, in reality, EGRAG leveraged an inverted price chart to predict a possible price rally to $27.

XRP Trading Within Consolidation Channel

In an updated analysis, he presented the chart as is, showing multiple trendlines that have continued to dictate XRP’s price action over the past decade. However, the most significant trendlines form a channel that previously capped XRP’s upward push from May 2022, after the Terra collapse triggered a drop to the $0.5 region.

Notably, this channel features blue and white sections, with the blue section acting as support and the white one acting as resistance. XRP continued to trade within this channel from May 2022, ranging between $0.3 and $0.7 for the most part, until it broke out during the uptrend in November 2024.

However, after the breakout, XRP soared to a peak of $3.4 in January 2025 before retracing and consolidating at lower levels. Despite the recent recovery to $3.66 in July, EGRAG’s analysis suggests XRP still remains in the consolidation region, especially on the back of the latest price drawdown.

Consolidation Before the Next Big Move

Nonetheless, he believes this is merely the “consolidation before the next big move.” Data from EGRAG’s chart shows that if XRP successfully breaks free from this consolidation, a massive uptrend could ensue. Interestingly, this uptrend would eye bullish targets aligning with the other trendlines at the upper end of the chart.

Specifically, the first trendline, which rests along the previous peak of $3.6, would mark the breakout above the consolidation phase. From here, XRP’s next target would be the $7 price, representing a new all-time high and a 157% increase from the current position.

Notably, EGRAG presented two more targets from the $7 mark, with the ultimate one resting on $27. Just a week ago, the analyst leveraged Fibonacci extension levels to predict an XRP rally to the same $27 region, dismissing projections that the top for this cycle could come in at just around $4.

Meanwhile, analyst CryptoInsightUK recently noted that XRP’s pairing with Bitcoin has pulled back to a critical support zone on the 4-hour chart. According to him, this level was previously resistance, and it is now being retested as support while the RSI shows oversold conditions. 

He suggested that although this is not a guaranteed bottom, this setup has often led to strong rebounds in the past. The analyst noted that he sees a solid case for a potential bottom forming for XRP, especially when combined with the liquidity situation against the dollar.

Pumpius, a seasoned Bitcoin investor, has laid out a bold case for XRP path to a $50 price point.

He attributes the potential surge not to market hype, but to a regulatory milestone that could transform Ripple into a central player in U.S. finance. In particular, Pumpius sees XRP’s price explosion stemming from Ripple’s pursuit of a key banking license.

Ripple’s OCC Bank Charter Ambition

Ripple is currently in the process of acquiring a national bank charter under the U.S. Office of the Comptroller of the Currency (OCC). The application was submitted in July, and a decision could come as early as October, based on the OCC’s 120-day approval timeline.

Pumpius pointed out that this is the same license used by major banking institutions such as BNY, JPMorgan, and Citi to custody billions of dollars in assets.

In other words, securing this approval would allow Ripple to operate as a full-scale national bank, rather than just a fintech startup. Meanwhile, XRP will be powering its settlement system.

Why Approval Could Redefine XRP

With an OCC charter, Ripple would gain direct access to the Federal Reserve, authority to custody crypto and tokenized assets, and the ability to issue stablecoins and settle securities.

According to Pumpius, this setup would bypass traditional intermediaries, allowing banks, brokers, and funds to use Ripple as their direct bridge into tokenized finance. In this model, XRP becomes the core bridge asset, central to the new liquidity network.

The $6.6 Trillion Settlement Pipeline

Pumpius’s analysis highlights that global bank settlements total around $6.6 trillion per day. Even a small fraction of this volume flowing through XRP, given its limited supply, could send the price soaring, he claimed.

Based on this liquidity model, Pumpius argues that $50 per XRP is not speculative, but a logical outcome of scaled adoption.

For context, XRP is currently trading at just $2.72, meaning Pumpius anticipates a 1,673% increase in value, driven by its utility in liquidity services. Moreover, a $50 price would give XRP a market cap of approximately $3 trillion, surpassing Bitcoin’s current market cap of $2.1 trillion.

Timely Transition

Meanwhile, Pumpius noted that Ripple’s long legal battle with the SEC has concluded, removing regulatory roadblocks that may have delayed progress. He believes the lawsuit was not the real obstacle, but rather a necessary step toward regulatory alignment and eventual OCC approval.

Interestingly, Pumpius said the day Ripple’s OCC bank charter is approved will mark XRP’s transition from a crypto asset to a foundational component of the U.S. financial infrastructure.

The analyst insists this won’t be a moonshot gamble, but rather a “controlled launch” of XRP into the heart of global banking.

Ripple Banking License Facing Strong Resistance

However, major banking and credit union groups—led by the American Bankers Association—are urging the U.S. OCC to delay decisions on federal bank charter applications from Ripple and other crypto firms such as Circle.

They argue that crypto services fail to meet fiduciary standards and warn that granting charters without public input would bypass decades of regulatory precedent.

Additionally, they claim it would give crypto firms an unfair advantage by allowing them to sidestep state-level licensing requirements.

XRP continues to trade around $3, but leading crypto exchange Changelly believes the coin could someday reach lofty heights in the triple and even four-digit range.

In a detailed report, the exchange shared ambitious timelines for when it believes XRP could trade above $500 and even $2,400. Interestingly, these XRP price projections are not unheard of within the crypto community.

Many influential voices in the XRP space have debated the coin’s potential to reach triple and even five-digit valuations in the future. For example, widely followed American wealth mentor Linda Jones believes XRP could surpass $100. DAG Managing Director Jake Claver has even suggested that XRP reaching $10,000 is possible.

While many agree that XRP could be worth more in the future, there is considerable disagreement about the timeline. Changelly contributes to the discussion by issuing specific projections.

When Could XRP Reach $501 and $2,406?

According to Changelly, XRP could be trading at $501.59 by February 2040, less than 15 years from now. Considering XRP’s current price of around $3, this would represent a massive gain of 17,499.7%.

In the same month, Changelly projects XRP will have a minimum price of $414.86 and an average price of $436.40.

Notably, the exchange suggests XRP could hit a maximum price of $2,406 by December 2040. This would translate to an extraordinary 84,321.1% return on investment for current holders.

Changelly expects XRP to enter the four-digit price range as early as May 2040 and continue progressing through the end of the year. The lowest price it projects for that year is $257.34.

The Journey to $501 and $2,406 for XRP

To reach $501 and $2,406 by 2040, XRP would require significant growth—17,499.7% and 84,321.1%, respectively. While these projections are undeniably ambitious, it’s worth noting that XRP surged by over 75,000% between 2017 and 2018—though it later fell by more than 95%.

This historical volatility partially supports the possibility of another aggressive price surge. However, as a cryptocurrency’s market cap matures into the billion- or trillion-dollar range, its growth trajectory typically slows down.

At a price of $500, XRP’s market cap would exceed $29.75 trillion, surpassing gold’s current estimated valuation of $22 trillion—though gold itself could be worth more by 2040.

At $2,406, XRP’s market cap would soar to an astronomical $142.9 trillion, surpassing the total current value of the global stock market.

For comparison, Telegaon projects Bitcoin to trade at over $2.5 million per coin by 2040, equating to a market cap of about $53 trillion. Changelly even offers a more aggressive forecast of $5,668,414 per BTC by 2040, which implies a market cap of $119 trillion.

Despite these bold projections for Bitcoin, XRP’s projected $2,406 price would still imply a higher market cap of $143 trillion—an outcome many experts see as highly unrealistic.

Timelines for XRP to Reach $501 and $2,406 per ChatGPT, Google Gemini, and Grok

ChatGPT suggests XRP could reach $501.29 between 2040 and 2050, but emphasizes that this is purely speculative. It considers $2,406 to be unrealistic and offers no timeline for that target.

Google Gemini declined to provide a specific timeline, stating that such projections are far-fetched.

Grok AI stated that $501.59 might be possible between 2030 and 2035, but only under ideal market conditions.

Regarding $2,406, Grok said it is not realistically achievable within the next 10–20 years based on current data. It added that such a scenario would require unprecedented global adoption and market shifts, likely post-2040, if ever.