- XRP must close above $2.33–$2.45 to confirm bullish strength and dismiss bearish fears.
- Analyst projects XRP to surge between $13 and $20 during the explosive Wave
- Long-term forecasts suggest XRP could reach $120, driven by strong global demand growth.
XRP’s price action is stirring fresh discussions among traders and analysts alike. As of press time priced at $2.19, XRP has posted a modest 5.24% gain over the past week. However, despite its minor dip of -0.33% in the last 24 hours, prominent crypto analyst Egrag Crypto foresees a powerful trajectory ahead.
His analysis suggests that while short-term weakness remains, the digital asset is poised for an eventual breakout that could surpass previous records. Besides, Egrag’s projections highlight a future where XRP not only rebounds above key resistance levels but also rockets to triple-digit valuations.
Bull Market Support Band Remains a Critical Hurdle
According to Egrag Crypto, XRP must first overcome the $2.33 and $2.45 price levels to fully invalidate lingering bearish sentiment. These figures represent the upper boundary of the Bull Market Support Band. Consequently, a strong close above these thresholds would signal a healthier market structure and could ignite renewed investor confidence.
Currently, the 0.702 Fibonacci retracement level serves as a pivotal marker. It aligns closely with a former breakout structure, adding weight to its significance. However, XRP still shows vulnerability as long as it trades below this important band. Hence, Egrag advises against impulsive trading decisions. Instead, he encourages investors to accumulate XRP during dips rather than chasing short-term price swings.
#XRP – Short-Term Forecast ($1.25):
— EGRAG CRYPTO (@egragcrypto) April 26, 2025
I anticipate some super negative reactions in the comments, but I'm simply interpreting what the charts are indicating.
This is a short-term outlook, and while I am confident we may see double digits in the upcoming months, we first need to… pic.twitter.com/pLUAKCn7dC
Elliott Wave Pattern Projects a Meteoric Rise
Looking beyond the near term, Egrag Crypto outlines an even bolder vision. His Elliott Wave analysis places XRP firmly in the explosive Wave 3 phase. Historically, Wave 3 is the most aggressive part of the cycle, and Egrag projects XRP to surge between $13 and $20 by summer.
Additionally, he anticipates an intermediate rally to $27 before a longer consolidation period sets in. During this correction phase, prices could retrace back to the $3.40–$5.50 range, mirroring XRP’s post-2017 behavior.
Significantly, Egrag believes the fifth and final wave could catapult XRP to around $120, supported by strong technical patterns like the massive cup-and-handle formation. Moreover, increasing global demand and the emergence of new financial instruments within the XRP ecosystem could fuel this growth.
