The world of cryptocurrency is no stranger to bold predictions, but few capture attention quite like a forecast that sees a digital asset soaring from its current price to triple digits. Recently, popular crypto analyst EGRAG CRYPTO reignited excitement around XRP with a striking claim: the token is retracing its historic 2017 bull run—and could be on track to reach $27**, followed by an unprecedented **$120 peak.
Using Elliott Wave theory as his foundation, EGRAG CRYPTO shared a detailed technical analysis suggesting that XRP is currently in the early stages of a multi-year bullish cycle mirroring the explosive growth seen over a decade ago. While such projections require cautious interpretation, they’ve sparked renewed interest among investors and traders alike.
Echoes of 2017: A Bull Run Repeating?
The year 2017 remains etched in crypto history as one of the most transformative bull markets ever witnessed. For XRP, it was a period of meteoric rise—from trading below $0.01 to peaking at an all-time high of **$3.84** by January 2018. This surge was fueled by broader market enthusiasm, increased exchange listings, and growing speculation around Ripple’s potential to revolutionize cross-border payments through banking partnerships.
At the core of EGRAG’s analysis lies the Elliott Wave Principle, a technical framework used to identify recurring price patterns driven by investor psychology. According to this model, major market moves unfold in five-wave impulse sequences, followed by three-wave corrections.
EGRAG posits that XRP is now replaying this exact structure:
- Wave 1: A powerful upward move from late 2024 to early 2025, pushing XRP to approximately $3.40.
- Wave 2: A corrective phase following the initial rally—currently underway—as price pulls back to around $2.19, representing a healthy retracement.
- Wave 3: The anticipated next leg, historically the strongest and longest wave in an impulse sequence.
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Why Wave 3 Matters
In Elliott Wave theory, Wave 3 often extends far beyond the length of Wave 1, typically reaching 161.8% of its size (a Fibonacci extension). Applying this ratio to XRP’s recent surge suggests a potential target zone between $25 and $27 by mid-2025.
This would represent a gain of over 1,100% from current levels—making it one of the most significant upside potentials in the altcoin space if realized.
While past performance doesn’t guarantee future results, the structural similarity between today’s price action and the 2017 cycle has caught the eye of technical analysts across the industry. On-chain data also supports growing optimism: recent reports show a 67% spike in XRP network activity within 24 hours, hinting at increased usage and institutional interest.
The Long-Term Vision: Is $120 Possible?
Beyond the near-term $27 target, EGRAG’s projection takes a dramatic turn with the prediction of a final **Wave 5** that could propel XRP into uncharted territory—**$120 per token**.
Here’s how the scenario unfolds:
After Wave 3 peaks near $27, a prolonged **Wave 4 correction** is expected—potentially lasting up to three years. During this phase, price could retest support near **$5.50**, allowing for consolidation before the final upward thrust.
Once Wave 4 completes, Wave 5 would initiate—a climactic move that often matches or exceeds the length of Wave 1 when combined with Wave 3. Using proportional measurements, EGRAG calculates that such an extension could push XRP toward $120, representing a staggering 5,380% increase from its current value.
While ambitious, such targets aren’t unheard of in crypto. Bitcoin rose from under $1,000 in 2017 to nearly $69,000 in 2021. Ethereum surged from $8 in 2016 to over $4,800 in 2021. In volatile markets driven by adoption shifts and macroeconomic forces, exponential growth remains possible—even for mature assets like XRP.
Key Factors That Could Fuel the Rally
Several catalysts may support this bullish trajectory:
- Regulatory clarity: Ongoing developments in the SEC vs. Ripple lawsuit could remove long-standing uncertainty, boosting investor confidence.
- Institutional adoption: Ripple’s growing network of financial partners using its payment solutions may increase demand for XRP.
- Macro environment: A dovish Federal Reserve and potential Bitcoin ETF inflows could drive capital into risk-on assets like cryptocurrencies.
- Network utility: Increased use of XRP for liquidity management and cross-border settlements strengthens its fundamental value proposition.
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FAQ: Addressing Common Questions About XRP’s Price Outlook
What is Elliott Wave Theory, and why does it matter for XRP?
Elliott Wave Theory suggests that financial markets move in repetitive cycles driven by collective investor psychology. These cycles consist of five impulse waves (upward) followed by three corrective waves (downward). Analysts use these patterns to forecast future price movements. For XRP, identifying where it stands within this structure helps estimate potential upside during bull phases.
How realistic is the $120 XRP price prediction?
While $120 is highly ambitious, it’s not impossible in the context of full-cycle crypto bull markets. Such targets depend on widespread adoption, regulatory resolution, and broader market sentiment. It's essential to view this as a long-term possibility, not a guaranteed outcome.
When could XRP reach $27?
If the current Elliott Wave structure holds, XRP could enter its extended Wave 3 phase in mid-to-late 2025, potentially reaching $27 by late summer or early fall of that year—assuming favorable market conditions persist.
What happens during Wave 4, and should investors be concerned?
Wave 4 typically involves a deep but healthy correction after a strong rally. Prices may drop significantly—possibly back to $5–$6—but this phase allows weaker hands to exit and sets up the final leg higher. Savvy investors often see this as a strategic accumulation opportunity.
Does on-chain data support this bullish outlook?
Yes. Recent spikes in transaction volume, active addresses, and exchange inflows suggest growing engagement with the XRP ledger. Increased utility in real-world payments and liquidity provision adds credibility to long-term demand projections.
Should I invest based on this analysis?
No single analysis should dictate investment decisions. While EGRAG CRYPTO’s model is technically sound, always conduct independent research, assess your risk tolerance, and consider portfolio diversification before investing in volatile assets like XRP.
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Final Thoughts: Navigating Hype With Caution
The idea that XRP could mirror its 2017 cycle and surge toward $27 then $120 is undeniably compelling. Backed by technical models and supported by rising network activity, the narrative aligns with broader expectations of a maturing digital asset ecosystem.
However, investors must balance optimism with realism. Cryptocurrencies remain highly speculative, influenced by regulatory shifts, technological changes, and global economic trends. While Elliott Wave patterns offer valuable insight, they are interpretive—not deterministic.
For those watching XRP closely, the coming months will be critical. A breakout above $3.40 could confirm the start of Wave 3, while sustained volume and institutional adoption would strengthen the case for long-term gains.
Whether or not $120 becomes reality, one thing is clear: XRP continues to hold a unique position in the crypto landscape, bridging traditional finance with decentralized innovation.
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