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According to the popular crypto, Egraga XRP analytics are preparing for an escalate of up to 120 USD. Analyst, switching to the social media platform x has shared a fresh table Specification of the stubborn XRP perspectives, suggesting that cryptocurrency withdraws a path similar to its explosive rally from 2017. This time, however, the trajectory can be even more dramatic, because the chart accompanying its position presents long -term Elliott wave formation This indicates first to $ 27, and ultimately to a stunning price of USD 120.
Echoes from 2017: XRP reversing cycle, which brought a price to the highest time
The Bull Cycle 2017 is one of the most iconic periods in the history of XRP. In this phase, the price of XRP increased from less than 0.01 USD to the highest level of USD 3.84, powered by a wider bubble on the cryptographic market, exchange lists and speculations regarding the adoption of ripple among financial institutions.
The rally was consistent with the classic Elliott wave impulse, with five clear waves characterized by brief consolidation before each main leg up. At the beginning of 2018, the bubble jumped, and XRP, like the rest of the cryptographic market, entered the extended phase of the bear.
Post eGRAG Crypto means that XRP is now After a similar pattern In addition, in 2017, the analyst noted that XRP is currently in the process of creating a second wave, which is a withdrawal of a stubborn impulse wave 1. This impulse wave 1 is characterized by an escalate in XRP to USD 3.4 between Q4 2024 and January 2025, wave 2, on the other hand, is characterized by Price correction from Januarywhich sent the price of XRP back to trading about USD 2.
Now the next step is to start wave 3. Based on the time-honored Elliott wave coefficients, this wave tends to aggressively, often measuring 161.8% wave 1. According to EGRAG, the price of XRP is to end the wave 3 above double digits Once in the summer of 2025 at that moment the analyst provided the highest level of around 27 USD, almost ten times than the current commercial price. Then his perspective provides for a long Wave 4 correction lasting several years, establishing the stage of the Fave Fave 5 extension, in which XRP crashes into triple numbers.
Long -term goal 120 USD
In its projection, the 27 USD level will end wave 3, and then the correction of Wale 4, which can potentially cover three years. This correction would be brutal and would cause the price of XRP Reach the bottom of around $ 5.50.
After this phase of consolidation, the formation of wave 5 will catapult XRP to novel ups and go to the same measured movement as a wave 1 or 61.8% wave 1 + wave 3. If it appears, as Egrag expects, XRP would break into the triple numbers of the territory and ultimately the peak of about 120 USD.
At the time of writing, XRP trades $ 2.19, which is an escalate of 2% in the last 24 hours. Achieving the goals of the price of 27 and 120 USD would translate into 1,1322% and 5,380% of the current price, respectively.
A distinguished picture from Adobe, chart from TradingView.com
