The However, it remains significantly below the record level of 2025.
Despite this, technical analyst Egrag Crypto believes that the XRP price could rise to a price level as high as $42 this year, meaning a potential gain of up to 2,900% from current levels.
XRP Price Cycles
Eggag sketches his prediction by identifying four macro formations on the cryptocurrency’s monthly chart, each following a similar cyclical pattern over the past decade.
These cycles show that XRP price tends to undergo a period of compression into a tight range before breaking out and embarking on a significant rally, eventually resetting before the next structure emerges.
The first formation took place in October 2014, when XRP rose from $0.0046 to $0.028 in December. After this initial increase, the price consolidated within the range of $0.006 to $0.009 for almost three years until early 2017.
The second formation began in March 2017 and led to a breakout that pushed the XRP price from below $0.01 to $0.40 in May of the same year, resulting in a gain of over 4,000%.
After another consolidation period through November 2017,
The fourth formation started from the low of $0.17 in June 2020, where XRP rose to $1.96 in April 2021. After another extended period of consolidation around $0.50, XRP broke through a significantly downtrend line in November 2024, which had capped its price since 2018.
This breakout pushed the If XRP continues to follow the same proportional trajectory as previous cycles, Egrag’s $42 target could be within reach.
Two scenarios to keep an eye on
It is important to note that Egrag is not positioning $42 as an immediate target. Instead, he has set intermediate targets that are much lower, such as $4.50 if a breakout occurs, and possibly $10 to $13 if the rally extends further.
But when averaged across all four macro scenarios, Egrag estimates that an XRP price around $11 would be plausible, suggesting a market cap of around $670 billion for the altcoin.
Finally, Egrag presents a cautious perspective on the $42 target, outlining two potential scenarios for the future. One possibility is that the bullish structure fails, sending the XRP price into a deeper bear market.
Alternatively, Egrag leans toward the idea that the current downturn is just another test within a new growth cycle. He emphasizes that this structural framework must remain intact for his projections to hold.
Featured image from OpenArt, chart from TradingView.com