These cycles demonstrate that the XRP price tends to undergo a period of compression into a tight range before breaking out and embarking on a significant rally, ultimately resetting before the next structure emerges.<\/p>\n
The first formation occurred in October 2014, when XRP rose from $0.0046 to $0.028 by December. Following this initial surge, the price consolidated within the range of $0.006 to $0.009 for nearly three years until early 2017.\u00a0<\/p>\n
The second formation initiated in March 2017, leading to a breakout that pushed the XRP price from under $0.01 to $0.40 by May of the same year, resulting in over 4,000% gains.\u00a0<\/p>\n
After another consolidation period through November 2017, XRP reached a peak of $3.31 in January 2018 before experiencing a prolonged decline that ultimately brought it down to around $0.17 by June 2020.<\/p>\n
The fourth formation began from the $0.17 low in June 2020, where XRP rallied to $1.96 by April 2021. After another extended period of consolidation around the $0.50 mark, XRP broke through a significant descending trendline in November 2024, which had been constraining its price since 2018.\u00a0<\/p>\n
This breakout propelled the XRP price to $3.65 by July 2025. The current price pullback to the $1.30\u2013$1.40 range is effectively retesting that breakout level. If XRP continues along the same proportional trajectory as previous cycles, Egrag’s target of $42 could be within reach.<\/p>\n
Two Scenarios To Keep An Eye On<\/h2>\n
It’s important to note that Egrag does not position $42 as the immediate target. Instead, he has laid out intermediate goals that are much lower\u2014such as $4.50 if a breakout occurs, and potentially $10\u2013$13 if the rally expands further.\u00a0<\/p>\n
But when averaging across all four macro scenarios, Egrag estimates that an XRP price around $11 would be plausible, suggesting a market cap of about $670 billion for the altcoin.\u00a0<\/p>\n
Lastly, Egrag presents a cautious perspective regarding the $42 target, outlining two potential scenarios moving forward. One possibility is that the bullish structure may fail, leading the XRP price into a deeper bear market.\u00a0<\/p>\n
Alternatively, Egrag leans toward the thought that the current drawdown is merely a retest within a new growth cycle. He emphasizes that this structural framework must remain intact for his projections to hold.<\/p>\n
<\/p>\n
Featured image from OpenArt, chart from TradingView.com <\/p>\n","protected":false},"excerpt":{"rendered":"
The XRP price has experienced a modest 5% recovery in the last 24 hours, managing to reclaim the crucial support level at $1.40. However, it remains substantially below its all-time highs reached in 2025.\u00a0 Despite this, technical analyst Egrag Crypto believes that this year could see the XRP price soaring to a price point as…<\/p>\n","protected":false},"author":1,"featured_media":10551,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[36,85,43,95,40,46,47,147,325,987,49],"class_list":["post-10550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-crypto","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-analysis","tag-xrp-price-forecast","tag-xrp-price-news","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=10550"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/10551"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=10550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=10550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=10550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}