XRP News Today: XRP Targets 400% Gain to $17 as Bullish Pattern Emerges

Crypto enthusiast Amonyx recently shared a post on X, quoting master chart analyst Egrag Crypto, who predicts that XRP is on the brink of a significant breakout, potentially surging past the $17 mark. This prediction is based on a detailed technical analysis rather than speculative hype.

Egrag Crypto's projections are derived from a bullish pennant pattern observed on XRP’s macro chart. This pattern is historically reliable and often precedes substantial price movements. If XRP breaks above the critical resistance level around $3.40, the next upward movement could be substantial. Egrag outlines two key price targets: a conservative target of $15 and a more aggressive trajectory toward $17. Additionally, he identifies a larger symmetrical triangle formation, suggesting a measured move projection that reaches approximately $17.76, with long-term potential near $27.30. These projections are supported by Fibonacci extension models, which show key levels at $9.50, $17, and $27, aligning with his broader forecast.

As of the latest update, XRP is trading around $2.22, indicating a period of consolidation across the crypto market. Despite this, XRP has maintained a bullish structure on higher timeframes. Technical momentum is gradually building, with positive signals emerging from RSI trends and volume indicators. The $3.40 resistance remains a crucial level. If this threshold is convincingly broken, analysts like Egrag believe the $17 target could be achieved more quickly than anticipated. However, a failure to break this level convincingly could delay the rally or prompt a local correction.

XRP’s long-term outlook remains optimistic among analysts and investors. The XRP Ledger (XRPL) is increasingly being explored for tokenization and cross-border settlements, as traditional finance gradually integrates blockchain solutions. Institutional interest is rising, particularly with the stabilization of Ripple’s legal standing. Although the SEC’s litigation with Ripple over institutional sales continues, the court’s decision in favor of Ripple on programmatic sales remains unchallenged. Recent AI and trend-based predictions suggest XRP could reach $5–$10 by 2025. However, few analysts are as bold as Egrag Crypto in projecting a mid-term move to $17, adding significant weight to his analysis given his track record.

If XRP sustains its structure and breaks key levels with strong confirmation, a significant rally may indeed be on the horizon. The coming weeks could prove decisive for XRP’s trajectory and for investors who have patiently waited for the next explosive move.