XRP News Today: XRP Targets 750% Gain to $17 as Analyst Sees Bullish Breakout

Master chart analyst Egrag Crypto has recently made waves in the cryptocurrency community with a bold prediction about XRP. According to his analysis, XRP is poised for a significant breakout, potentially surging past the $17 mark. This forecast is not based on speculative hype but on a detailed technical setup with clear signals.

Egrag Crypto's projections are derived from a thorough examination of XRP's chart patterns. He identifies a bullish pennant forming on XRP’s macro chart, a pattern that historically precedes substantial price movements. If XRP manages to break above the critical resistance level around $3.40, the next upward movement could be substantial. Egrag outlines two key price targets: a conservative estimate of $15 and a more ambitious target of $17. Additionally, he points to a larger symmetrical triangle formation, suggesting a measured move projection that could reach approximately $17.76, with long-term potential near $27.30. These projections are supported by Fibonacci extension models, which indicate key levels at $9.50, $17, and $27, aligning with his broader forecast.

As of the latest update, XRP is trading around $2.22, reflecting a period of market consolidation. 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 level remains a crucial barrier. If this level is convincingly broken, analysts like Egrag believe the $17 target could be achieved more quickly than anticipated. However, a failure to surpass this threshold convincingly could delay the rally or prompt a local correction.

XRP’s long-term outlook continues to garner optimism from 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 on the rise, 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 optimistic 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 awaited the next explosive move.