XRP price to $17? Analyst predicts explosive rise

According to crypto analyst Egrag Crypto, the XRP price could see a spectacular rise next year.

He expects XRP to reach nearly $17 in April 2027 under certain circumstances. That would mean an increase of almost 1,200 percent from the current level of around 1.30 dollars.

His prediction is based on striking similarities with the huge price rally of XRP in 2017 and 2018.

On X, Egrag Crypto shared a new technical analysis in which he compares the current XRP price with the historical price movements during the crypto market in 2017 and 2018.

At the time, XRP experienced a spectacular rise. The price climbed from a few cents to a peak around 3.80 dollars. According to Egrag, the current price chart shows similarities with the pattern that preceded that historical rally.

The analyst uses a so-called fractal pattern for this. This involves comparing past price movements with the current market in order to predict possible future developments.

He has adapted the historical pattern to the current price movements and the time lapse of XRP. Based on this, he arrives at three possible price targets: $5.46, $10.10 and ultimately $16.87.

According to his calculation, this highest price target could be achieved in April 2027.

The prediction is remarkably ambitious. From a price of about 1.30 dollars, XRP would have to be worth almost thirteen times as much to reach that level.

Although Egrag mentions a price target of almost 17 dollars, according to him, XRP must first show that a new rising trend is possible. For this, he looks at a number of important price levels.

The first big test is at $1.65. According to the analyst, XRP must break above this resistance to make room for a larger price increase. If that succeeds, his first price targets of 5.46 dollars and 10.10 dollars come into view, with 16.87 dollars as the most optimistic scenario.

At the bottom, $1.26 is especially important. As long as XRP remains above this level, Egrag remains confident in its positive expectation. In the event of a further decline, possible support levels are $1.07 and $0.98.

That last boundary is especially important. If XRP falls below 0.98 dollars for a long time, the historical price pattern on which Egrag bases his prediction will be endangered.

Egrag sees great opportunities for XRP, but emphasizes that his prediction is no guarantee. The analyst bases its price target on similarities with the spectacular rise of 2017, when XRP shot to almost 3.80 dollars in a short period of time.

Nevertheless, a similar price pattern does not mean that history repeats itself. The crypto market has changed a lot since then and an XRP price of almost 17 dollars would mean a huge increase in the total market value.

Egrag owns XRP. In addition to his long-term investment, he also trades borrowed money to profit from smaller price movements. In doing so, he takes the risks into account.

The analyst therefore remains cautious about his prediction. “The market doesn't owe us $17. But the graph shows what could be possible,” says Egrag.