XRP Could Surge 1,185% to $24 in Next Wave, Analyst Predicts

Crypto analyst Egrag Crypto has shared a detailed Elliott Wave analysis of XRP, predicting significant price increases in the upcoming market cycles. His latest analysis, shared with subscribers on February 12, 2025, outlines potential price targets for XRP based on historical patterns and technical indicators. Egrag emphasizes the importance of using multiple indicators, stating that the more signals collected, the better the odds of success. He presents a structured Elliott Wave count to assess XRP’s next potential price levels.

Egrag identifies a key formation within XRP’s price structure, referring to it as the “JUST-DO-IT CHART.” According to the analyst, the measured move of the cup pattern has formed well within the arc, suggesting that XRP is in the process of setting up for a major price movement. He states that XRP could be aiming for around $13, stressing the reliability of chart-based analysis.

Egrag outlines the fundamental principles of the Elliott Wave theory, explaining how different waves follow predictable patterns. He specifies that Wave 2 usually retraces 50%, 61.8%, 76.4%, or 85.4% of Wave 1, while Wave 3 typically extends to 161.8% of Wave 1. These calculations form the basis for his projected XRP price movements. At the current stage, Egrag believes XRP is in Wave 2, which is typically a corrective phase before the strongest move in Wave 3. He estimates that Wave 3 will experience a significant increase, with a projected 1,185% increase for Wave 3, potentially raising XRP’s price to around $22 to $24. After Wave 3 peaks, Wave 4 is expected to retrace, with a worst-case scenario of a 38.2% retracement, leading to a temporary price drop to around $8.

For the final wave in the Elliott Wave cycle, Egrag provides three different methods to estimate XRP’s potential price target. One approach considers the inverse of 1.236% to 1.618% of Wave 4, which could result in XRP reaching between $32 and $48. Another method assumes that Wave 5 will match the size of Wave 1, leading to a projected price range of $60 to $70. A third calculation, based on 61.8% of the combined moves of Waves 1 and 3, suggests that XRP could climb as high as $100. These projections indicate the potential for XRP to reach triple-digit values in the longer term.

Egrag compares the current market cycle and the XRP price movement observed in 2017. He believes the similarities between the two periods strengthen the case for a major price rally. In his comparison, Egrag highlights that Wave 1 and Wave 2 align closely with the 2017 pattern, though the latter had a deeper correction. Wave 3 could reach between $17 and $24, in line with previous price action. Wave 4 could retrace to around $8, though a more bearish scenario might see a drop to $3.40. In the 2017 cycle, Wave 5 saw XRP surpass $100. In his current model, Egrag identifies potential Wave 5 targets of $32–$48, $60–$70, and $95–$110.

Using Elliott Wave theory, Egrag Crypto’s latest analysis comprehensively breaks down XRP’s potential price movements. His projections indicate that XRP could reach double digits in the current cycle and climb to triple digits in the next. While market conditions and external factors will play a role, his analysis suggests that XRP remains positioned for significant long-term growth.