In a recent post on X, Egrag Crypto projected that XRP could hit $17, with his accompanying chart indicating that this price target may be achieved sometime next year. He emphasized that the current market momentum is strong, pointing to a potential rally within the $15 to $17 range.
The analyst remains confident that XRP’s bullish pennant formation is still intact, which could drive the token toward this ambitious target. However, he urged caution, advising traders not to celebrate prematurely. According to him, a definitive breakout will only be confirmed once XRP closes above $3.40. Until then, the uptrend remains speculative.
Egrag Crypto further elaborated on his projections, explaining that the conservative price target of $15 is derived from the measured move of the pennant’s pole leg from its lower boundary. Meanwhile, the standard measured move, taken from the upper end of the pennant, suggests that XRP could climb as high as $17.
Referring to his chart, he highlighted the significance of a key yellow trendline, which has consistently served as a support level for XRP. He stressed that as long as the price respects this support, the bullish outlook remains intact. However, a break below this critical level could indicate a sharp downturn, signaling a potential bearish trend.
XRP’s bullish outlook has gained further traction, coming just days after crypto analyst Egrag Crypto predicted that the token could reach $110 in the next market cycle. Meanwhile, analyst Andrei Jikh has pointed to strong fundamental factors—such as the potential resolution of the Ripple lawsuit—as key reasons why XRP could eventually surge to $100.
