- Is XRP gearing up for a historic rally, or is the hype outpacing the market reality?
- One analyst believes a massive move could be just weeks away.
XRP is back in the spotlight as market watchers speculate whether history is about to repeat itself. According to crypto analyst Egrag Crypto, XRP may surge to $27 within 60 days if it mirrors the explosive pattern it followed during the 2017 bull cycle. The claim has sparked excitement—and skepticism—across the community.
XRP 2017 All Over Again?
The case for a mega rally is built on fractal analysis. In 2017, XRP rose from $0.0055 in March to $0.3988 by May, then cooled off for six months before launching into a parabolic climb. This time around, XRP hovered near $0.50 throughout 2023, then spiked 600% to $3.40 shortly after the U.S. elections in November 2024.
Now, XRP is consolidating around $2.33—eerily similar to its mid-2017 pause. If the pattern holds, another massive wave could be brewing.
Fibonacci Targets: $8.49, $13.79, and $27
Egrag outlines a roadmap based on Fibonacci extensions. The first major resistance lies at $8.49 (1.272 Fib), followed by $13.79 (1.414 Fib). If XRP truly repeats its 2017 second-wave performance—a staggering 1,772% gain—the price could peak near $27.
But even Egrag admits it won’t be a straight line up. “Traders should consider taking profits at key levels rather than waiting solely for the $27 mark,” he advises.
Support Levels: $2.30 Is Critical
For bulls, the 21-week EMA (currently around $2.30) is the line in the sand. XRP sits slightly above it at $2.33, but a drop below could trigger a deeper correction toward $2.00 or lower, especially if selling pressure ramps up.
Futures Launch: A Signal for Institutional Interest?
Adding to the narrative is the CME Group’s launch of XRP futures in mid-May 2025. So far, only 1,380 contracts have traded—equivalent to $35.8 million in volume, a minuscule amount compared to XRP’s $138 billion market cap.
Some view the muted start as underwhelming, while others believe it’s a quiet signal of bigger institutional moves to come. “If volumes pick up, that’s the real tell,” one market watcher notes.
Realistic or Wishful Thinking For XRP?
While the roadmap to $27 is mathematically plausible, many remain cautious. Ongoing regulatory uncertainties surrounding Ripple, coupled with volatile sentiment in the broader crypto market, could derail the rally.
Still, momentum traders are closely eyeing the $2.70 level. If XRP can break past it, analysts suggest a renewed push to $3.00 and beyond could follow. From there, the $27 target, while ambitious, is not entirely off the table.
Bottom Line: XRP’s fractal setup is compelling—but risky. With historical patterns aligning and key technical levels in play, the next 60 days could be pivotal. Whether XRP hits $27 or not, one thing is certain: traders should buckle up for a potentially wild ride.
