XRP news today: XRP Forecasted to Reach $120 by 2030s, 5,329% Gain

Crypto market analyst EGRAG Crypto has released a new chart analysis outlining a bold long-term forecast for XRP, featuring a multi-phase Elliott Wave structure that ultimately projects a potential price high of $120. The analyst shared the analysis in a tweet posted on April 24, 2025, accompanied by a detailed TradingView chart. EGRAG’s model draws heavily on Elliott Wave Theory, identifying the present cycle as a possible mirror of XRP’s 2017 bull market behavior.

According to the analyst, XRP is approaching the completion of its third wave in the Elliott Wave sequence, which he anticipates will reach double-digit prices by the summer of 2025. The chart illustrates this third wave potentially peaking near the $13 to $20 range. Following this, EGRAG expects a corrective fourth wave to unfold over three years, marking a broad consolidation phase, possibly revisiting levels between $3.40 and $5.50. This extended correction is consistent with typical Wave 4 behavior in Elliott Wave theory, as annotated in the lower-right corner of the image. EGRAG outlines standard Fibonacci retracement levels and expected proportions for Waves 2 through 5.

EGRAG’s model ultimately forecasts a dramatic fifth wave rise, culminating in a potential XRP valuation of $120. This projection marks a significant long-term bullish stance, implying a roughly 56x increase from current price levels, which hover slightly above $2.10 according to the chart data. The fifth wave structure uses technical ratios typically associated with final wave extensions in bullish Elliott Wave formations. Notably, EGRAG’s chart also highlights a “Measured Move” completed earlier in the cycle, along with visual reinforcements of breakout levels, structural trendlines, and color-coded resistance and support zones.

The chart suggests that XRP has already broken through a long-term descending wedge formation that began in 2018 and is now embarking on a potentially explosive upward trajectory. This breakout is marked in the chart as a confirmation that Wave 1 and Wave 2 have already completed, providing the foundation for the current bullish wave structure. The tweet also includes a reference to community solidarity, encouraging the XRP community to “stay steady and strong” and asserting, “Together We Rise.” This message, paired with the highly optimistic price targets, appears to reinforce confidence among long-term holders during what the analyst expects to be a volatile but upward-trending market cycle.

While the chart relies on historical analogs and technical theory, EGRAG clarifies that the analysis is not financial advice and encourages readers to conduct their own research. Nonetheless, the confidence behind the $27 and $120 price targets underscores the analyst’s belief that XRP may be entering a highly transformative market phase, with implications extending into the 2030s. The analyst’s forecast suggests a potential 5,329% increase in XRP’s value, based on the current price levels. This dramatic projection is rooted in the Elliott Wave Theory, which EGRAG uses to predict future price movements by analyzing historical patterns.