XRP Price Forecast: Analyst Predicts $20 Average This Cycle

XRP is gaining significant traction as investor confidence grows, with the focus keyword XRP being central to recent market predictions. Prominent market analyst EGRAG has suggested that this bullish momentum could push XRP to an average value of $20 during this cycle.

Supported by historical data and technical analysis involving a symmetrical triangle pattern, EGRAG’s outlook indicates that the current bullish trend may still be in its early stages.

Currently trading at a robust $3.45 — marking over a 70% surge in the past month — XRP has sparked widespread conversation about its potential maximum value during this market phase.

Historical Market Cycles Hint at a Wide Range

EGRAG’s evaluation leans heavily on XRP’s past performance during significant bull runs. In 2017, the token saw an extraordinary rally, jumping more than 2,600% in the final leg of that cycle. If a similar pattern were to play out now, the price could potentially spike to nearly $33.

On the other hand, the 2021 bull market presented a more subdued picture. In that scenario, XRP achieved a 500% gain in the second surge, signaling a more modest estimated peak around $7.70. EGRAG uses these historical cycles not to predict a specific number, but to outline a probable price band that’s grounded in past trends.

Blending Highs and Lows: A Calculated Midpoint

Rather than selecting just one of the historical outcomes, EGRAG opted to average the two figures — $33 and $7.70 — arriving at a reasonable $20 projection for XRP this cycle. He emphasized that this estimate fits well within historical precedent and aligns with classic market structures often seen in crypto rallies.

The current technical setup supports his claim. XRP recently broke out from a symmetrical triangle formation, a bullish chart structure associated with strong continuation moves. The asset trading above $3.40 suggests that this breakout phase may already be underway, lending more weight to EGRAG’s bullish stance.

Additionally, EGRAG pointed out that this $20 forecast hasn’t yet accounted for the full extent of a “measured move” — a technical term referring to the expected distance a price action might travel based on the initial breakout range. This implies that, under the right circumstances, even higher levels could be achievable over a longer timeframe.

Alternative Views on XRP’s Potential

While EGRAG employs a technical methodology based on historical cycles and pattern analysis, other experts have taken different routes in predicting XRP’s future trajectory.

Bitcoin-focused analyst Dennis Liu leans more toward fundamental metrics such as increasing institutional involvement, the impact of regulatory frameworks, and the potential for a spot XRP ETF. His analysis suggests a more conservative yet realistic target of $10 for XRP during the current cycle, as discussed in his recent commentary.

Other reputable market participants, including ‘Ripple Van Winkle’ and ProfitMana, consider macroeconomic variables and capital rotation dynamics. Their forecasts place XRP’s peak value in the $14 to $21 range, particularly if Bitcoin surges past the $140,000 threshold. These projections were detailed in a recent market analysis.

Related: XRP Price: $12M Max Pain for Bears

Despite variances in methodology and target values, the consensus among analysts suggests a high-likelihood scenario where XRP enters double-digit territory in the ongoing bull cycle.