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- Ripple (XRP) could surge to $27-$33 by May 2025, following patterns observed during its 2017 market cycle.
- XRP may see a 2,500% rise in 175 days, with a breakout possible within 28 days, similar to the 2017 rally.
- Future price movement relies on technical patterns and broader market conditions, rather than attempting to time the market.
Egrag has predicted the future price of XRP and the move has been highly optimistic. But in a recent X post, he pointed out that the cryptocurrency may reverse and rise to a price bracket of $27-$33 by May 2025. This forecast is based on his technical outlook on current price action that he equates to the XRP token market cycle of late 2017. Based upon the proved claims of history, it is likely that Ripple’s token, XRP, could rise in the coming months.
XRP’s Potential Breakout
The analyst highlighted that in 2017, XRP rose sharply after it crossed the weekly channel pattern. Over a period of 175 days, the price rose by 2,500% to new record levels. From this perspective, XRP looks the same as it is today and no strong bullish pattern is visible for prediction now. The 21 day Exponential Moving Average has now turned up to cross the 50 day Exponential Moving Average indicating a bullish trend. This technical configuration indicates that a price breakout may be imminent.
The analyst also highlighted the Fibonacci 1.618 level as an important reference point for future XRP price. In this scenario, if such growth persists, the coin might reach between $27 and $33. He estimates that this price surge could happen in 28 days, similar to the speed observed during the 2017 cycle. The analyst is of the opinion that there might be a breakout in the manner as is currently witnessed in the markets.
Focus on Long-Term Investment
Analyst advised against market timing noting that it is an exercise that cannot be accomplished with high accuracy. Here, he reaffirmed that “time in the market” is the key idea to consider rather than time-of-market timing. At the time of writing, XRP is priced at $2.34, which is a 12.22% down in the last 24 hours.
Source: TradingView
Such predictions have not gone unnoticed and have drawn the attention of the XRP community as many investors chimed in. Traders are optimistic that the trend in 2017 will be repeat this year in view of new trends in the crypto market. It could potentially lead to one of the latest biggest price hikes if the prediction is accurate. However, institutional factors such as regulatory changes and state as well as international driving forces and forces will play a determinant role in future of XRP.
