TLDR;
- Analyst Egrag believes XRP’s 2017 rally pattern may repeat, driving massive price gains soon.
- Fibonacci Circle analysis pinpoints critical resistance at $2.70 and $3.00.
- XRP benefits from SEC lawsuit victory, ending years of regulatory uncertainty.
- Over 300 banks now use RippleNet for cross-border payments worldwide.
Despite Bitcoin (BTC) making headlines this week after reaching a new all-time high, XRP has remained comparatively subdued, trading sideways around $2.3-$2.4 for the past week or so . However, analysts and market observers suggest that XRP could be on the brink of a significant breakout, with projections of gains as high as 1700% over the next year.
XRP Analysis Paints a Bullish Picture
On Friday, analyst EGRAG CRYPTO has reignited optimism in the XRP community with a bold forecast grounded in historical chart patterns and Fibonacci Circle analysis. In a post shared Friday, EGRAG pointed to a striking similarity between XRP’s current setup and its 2017 rally, where the token surged 1,772% in just 63 days.
Using Fibonacci Circles, the pundit EGRAG projected a potential price target of $27 by July 21, 2025. According to the analysis, XRP must break past key resistance levels at $2.70 (Fib 1.414) and $3.00 to maintain bullish momentum. The 21-week exponential moving average (EMA) at $2.30 is also seen as critical support. If this breakout occurs, the analyst suggests it would confirm a bullish cycle in line with previous historical moves.
#XRP – Fib Circle & The Surge (1700% in just 60 Days!):
If #XRP is repeating the last section or pattern from October 2017, we might be on the brink of a major breakout soon! 🔥
Back in October 2017, XRP took roughly 63 days to explode and set a new all-time high, skyrocketing… pic.twitter.com/hXJLv6M5Tr
— EGRAG CRYPTO (@egragcrypto) May 23, 2025
Tim Warren, a market analyst from Investing Broz, echoed similar long-term optimism during an appearance on the Paul Barron Network. While acknowledging XRP’s recent sluggishness, Warren reiterated his bullish stance, noting that XRP appears to be breaking out of a bull flag on the daily timeframe.
“XRP recently broke above a lower high around $2.55 but has since retraced slightly,” said Warren on Thursday. “I expect a pullback to around $2.20 before it resumes upward movement, potentially reaching $5 and even $11 in this bull cycle.”
Adding to this, popular technical analyst Dark Defender pointed out a rare “Golden Cross” formation on XRP’s weekly Relative Strength Index (RSI). Historically, such signals have preceded strong upward moves. Based on this pattern, the analyst projected XRP could hit $3.33 in the short term and $5.85 shortly thereafter.
On 4 November, #XRP had a Golden Cross Signal on weekly RSI.
We warned in October.
Today, XRP RSI has produced the same signal after 200 days!
XRP is targeting $3.33 in the short term, and is expected to fire the bullet, which will then likely flatten itself against the $5.85… pic.twitter.com/SthErQvaJE
— Dark Defender (@DefendDark) May 22, 2025
On-Chain Metrics Support XRP ‘s Bullish Narrative
Tony Edward, host of the Thinking Crypto podcast, added another dimension by analyzing XRP’s sentiment and on-chain data. While XRP has underperformed against Bitcoin recently—down roughly 9% compared to Bitcoin’s 13% surge—Edward emphasized that XRP remains fundamentally strong.
“There’s still a lot of long-term value in XRP,” Edward said. “Its MVRV [Market Value to Realized Value] shows it’s in a relatively safe zone short-term, though the long-term MVRV suggests some risk. Still, considering its recent legal clarity and institutional growth, the fundamentals remain compelling.”
Edward also touched on the importance of investor psychology and the role of short liquidations in XRP’s recent price behavior.
“Those who held through the market’s fear phase were rewarded as shorts got liquidated,” he said. “That capital flowed straight into the hands of patient investors.”
Legal and Institutional Factors
Beyond technical factors, XRP’s bullish case is underpinned by significant fundamental developments. In March 2025, the U.S. Securities and Exchange Commission (SEC) concluded its years-long lawsuit against Ripple Labs, affirming that XRP is not a security in secondary market sales. This landmark decision, which now awaits a potential settlement, has cleared a major regulatory overhang, restoring confidence among both institutional and retail investors.
RippleNet, Ripple’s global payment network, now boasts over 300 financial institutions leveraging its technology for international payments. This increasing adoption reinforces XRP’s utility and positions it as a serious contender in the evolving cross-border payments landscape.
Moreover, XRP’s integration into traditional financial markets continues to accelerate. ProShares recently launched three XRP-based ETFs, including leveraged and inverse options, with the SEC offering tacit approval. In another major milestone, Volatility Shares introduced an XRP Futures ETF on the Nasdaq, amplifying investor access to the asset.
At press time, XRP was trading at $2.42 reflecting a 0.86% surge in the past 24 hours.
