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.

With the XRPL burning nearly 1 million XRP every year, how could this supply reduction impact XRP price by 2050?

Notably, XRP’s total supply today stands at 99,985,821,508 (99.985 billion) tokens, slightly lower than the original 100 billion that launched with the network. This drop comes from its built-in burn mechanism, which permanently destroys a fraction of XRP during every transaction. 

XRPL Burns Nearly 1M XRP Tokens a Year

However, the original architects did not design this system for its price impact. Despite this, several market watchers now believe that the ongoing supply reduction could help create a sense of scarcity that supports price growth.

On average, the network burns about 2,700 tokens each day, with occasional spikes. This figure adds up to nearly 985,500 XRP in a year. Notably, if this pace holds, the total amount burned over the next 25 years, specifically by Dec. 31, 2050, would reach around 25 million tokens. 

By then, the supply would slip from 99.985 billion to about 99.960 billion, a change of only 0.025%. While this number looks small, markets often react to the story rather than just the math. Specifically, a continuous decline in supply can trigger the perception of scarcity, which in turn can influence how investors value the asset.

However, the extent of such impact remains uncertain. As a result, we asked ChatGPT to model different outcomes through 2050. For context, XRP trades at $2.95 today. Considering this, the chatbot outlined three bullish scenarios based on adoption, liquidity growth, and global use cases.

XRP Price Prospects by 2050 With and Without Burns

In the first scenario, it assumed that banks, remittance companies, and fintechs will adopt XRP over the next 25 years. In this scenario, even without the burn, a compound annual growth rate of 6-8% could lift prices to between $18 and $25 by 2050. 

However, with the burn adding a sense of shrinking supply, ChatGPT suggests that the range could move slightly higher to $20 to $28. Here, the burn acts less as a mathematical driver and more as a psychological one.

Meanwhile, the second scenario imagines XRP becoming a major liquidity hub for cross-border payments, central bank digital currencies, and tokenized assets. If adoption grows at 12-15% annually, XRP could climb to $150 to $250 by 2050. 

ChatGPT suggested that at this level of use, daily burns would rise as well. If the average burn rate grew from today’s 2,700 to as high as 100,000 tokens a day, the network could permanently remove 500 million to 1 billion XRP. This amounts to roughly 1% of the supply, which could push the price range higher to between $180 and $300.

In the third scenario, ChatGPT noted that XRP could serve as a neutral global reserve settlement asset for trillions in daily flows. Under this outlook, it predicts XRP to rise $1,000 to $2,500 without factoring in the burn. 

However, if activity grew so large that the network destroyed hundreds of thousands of tokens each day, XRP could lose 5 to 10 billion from its total supply. This 5-10% reduction would represent meaningful scarcity, raising potential valuations to $1,200 to $3,500.