Crypto Analyst Says XRP Price Is Mirroring 2017 Cycle, “$27 Then $120” 🚀
XRP is poised for a significant price surge to $120, according to crypto analyst EGRAG CRYPTO. Sharing insights on social media platform X, the analyst pointed to a bullish chart suggesting XRP might replicate its explosive 2017 rally. This time, the expectation is for an even more dramatic trajectory, with the chart outlining a long-term Elliott Wave formation. The projection predicts a path first to $27 before eventually reaching $120.
In 2017, XRP's price soared from under $0.01 to an all-time high of $3.84, driven by the broader crypto market bubble and speculation around Ripple’s financial institution adoption. EGRAG CRYPTO draws parallels to this cycle, highlighting XRP's current second wave formation, indicated by recent price corrections. As of now, XRP trades at around $2, following a Wave 1 surge to $3.4.
Wave 3 of the Elliott Wave is expected next, with potential aggressive extensions according to traditional wave ratios. The analyst believes XRP could reach over $27 by summer 2025. This would be followed by a Wave 4 correction lasting several years, and a final Wave 5 surge breaking into triple digits, ultimately peaking around $120.
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