XRP Eyes Massive Surge to $120 as Analyst Sees 2017 Fractal Repeating

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XRP could be on the verge of a historic rally if it continues following the same fractal that propelled it to its all-time high in 2017, according to prominent analyst EGRAG Crypto. His latest analysis projects that XRP could surge first to $27 and eventually reach an ambitious $120 target, marking one of the boldest predictions for the asset yet.

Analyst Sees Stronger Evidence of a 2017 Repeat

EGRAG Crypto, a well-known XRP analyst and market commentator, has long maintained that XRP’s current price action mirrors its 2017 cycle. However, in his latest commentary, he expressed greater conviction that the fractal is indeed unfolding.

In 2017, XRP skyrocketed 6,319% from $0.0062 in March to an initial peak of $0.3988 by May. After this rapid ascent, the asset entered a brief period of pullback and consolidation before resuming its explosive rally to $3.80 in January 2018.

Fast forward to today, and XRP seems to be replaying this sequence. From November 2024 to January 2025, XRP rallied 578%, climbing from $0.50 to a high of $3.39. As seen in 2017, the asset encountered resistance after this surge, resulting in a three-month consolidation period, which aligns with historical fractal patterns.

EGRAG now firmly believes XRP is setting up for the next major leg higher. However, he acknowledged that the timing could vary slightly, either accelerating or delaying compared to the previous cycle.

Elliott Wave Structure Supports the Outlook

Backing his prediction, EGRAG points to an unfolding 5-wave Elliott Wave structure on XRP’s chart. He identifies November’s surge to $3.39 as the completion of Wave 1. The subsequent pullback, with XRP consolidating around the $2.32 range today, marks the beginning of Wave 2.

According to Elliott Wave theory, Wave 3 is typically the strongest and most extended move in a five-wave pattern. EGRAG’s chart suggests that once XRP rebounds from the current correction, it could launch into a massive third wave targeting $27 between June and September 2025.

Notably, EGRAG has previously advocated for the $27 mark, citing technical indicators such as the crossing of the 21 EMA above the Break of Structure (BOS) level. His consistent focus on this price point now finds further validation through the Elliott Wave model.

Short-Term Pullback Expected Before Ultimate Highs

While $27 is a significant milestone, EGRAG warns that XRP is likely to experience fluctuations rather than a straight-line movement. He expects a major correction following the third wave. According to his forecast, XRP could plummet from $27 back to around $5 during Wave 4, setting the stage for an extended multi-year bear market.

This projected decline, however, serves as the setup for an even more dramatic recovery. EGRAG anticipates that Wave 5 could propel XRP beyond its previous highs to a staggering $120 valuation.

What $120 Means for XRP’s Market Cap

If XRP does manage to reach $120, the asset’s market cap would surge to approximately $7 trillion, an unprecedented figure that would reshape the cryptocurrency landscape. From today’s price of $2.32, this climb would represent a jaw-dropping 5,072% increase.

While this target might seem overly ambitious, EGRAG’s analysis relies on historical fractals, long-term technical indicators, and cyclical momentum patterns. Given that XRP has demonstrated extreme volatility and explosive growth in past cycles, such projections, though highly optimistic, cannot be ruled out entirely.

As XRP continues to consolidate, analysts like EGRAG Crypto remain confident that history may soon repeat itself. With key technical structures aligning and broader market sentiment improving, XRP could be primed for a major breakout, first to $27, and potentially to an astronomical $120 over the coming years.