XRP news today: XRP's Price May Surge 1400% to $55, Says EGRAG Crypto

EGRAG Crypto has released a technical analysis focusing on the long-term price trajectory of XRP, suggesting that the asset is currently in a potentially explosive breakout phase. According to a chart shared on April 30, 2025, the analyst highlights the development of what he refers to as a “MACRO Channel,” which has historically influenced XRP’s movement across multiple market cycles. This channel spans from below $0.10 to upwards of $12, with a projected breakout potentially pushing XRP between $17 and $55 in the coming months or years.

The analysis indicates that XRP is in the fifth monthly candle following a breakout from the channel’s lower boundary. This pattern mirrors a similar six-candle formation observed during a prior bullish cycle. In the historical case, the sixth candle produced a substantial upward move. If this pattern continues, EGRAG suggests XRP may soon print what he terms a “MEGA Monthly Candle,” potentially targeting $17 as a near-term price level.

EGRAG outlines a technical rationale for his projections based on the measured move following the breakout from the upper trendline of the MACRO Channel. Using this method, he calculates a potential upside target as high as $55. This figure represents a long-term projection based on historical symmetry and channel dimensions. Though $55 is identified as the maximum range of the breakout, the analyst clarifies his personal approach to the potential rally. He states that he will begin gradually selling his position at around $27, emphasizing the importance of profit-taking as XRP’s price progresses through various levels. This is meant to mitigate risk while taking advantage of speculative gains.

At the time of the chart’s publication, XRP was trading around $2.22. The chart shows a historical resistance line near $3.41 and a previously significant pivot level at $3.40. These price points are considered intermediate targets XRP would breach to confirm momentum toward higher figures like $17, $27, or $55. The 21-month exponential moving average (EMA), plotted in yellow, is trending upward and acting as dynamic support within the MACRO Channel.

EGRAG notes that XRP has remained within this MACRO Channel since approximately 2017, consolidating between the mid and upper boundaries. The observed pattern appears structurally similar to previous surges, providing historical support for the ongoing move. The visual data shows a previous six-candle lead-up into a significant bull run, and the current five-candle structure is shaping up similarly.

In his message to the XRP community, EGRAG concludes by urging holders to remain “steady and strong,” stating, “Together We RISE.” While reinforcing his long-standing bullish stance on XRP, he acknowledges that his strategy involves phased selling rather than holding indefinitely through all projected levels. The analyst emphasizes the importance of remaining informed and cautious, advising readers to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk.