Is XRP About to Shock the Market? Analyst Says $110 Is Possible
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Ripple’s XRP was one of the best-performing cryptocurrencies last year, trading between $2.15 and $2.30. The current price of the token is far from the $3.38 52 weeks on January 17 last year, inspired by the industry’s excitement for the re-election of U.S. President Donald Trump.
Related Readings
Although XRP Joining the downward trend of the wider crypto market, some commentators and analysts expect Pogel to hold a major rally. According to Crypto analyst Egrag Crypto, Ripple’s XRP will set the asset’s current Elliot wave structure to another price after comparing it to the 2017 fractal.
XRP continues to be environmentally friendly
Egrag Crypto’s latest price analysis and forecast for XRP is a downturn in Altcoin and the broader crypto market. Ripple’s coin is stabilizing above the critical $2 price support, indicating it follows five waves of roominess Elliott Wave chart. Traditionally, assets that replicate Elliottwald structures often result in significant price action.
#xrp =Thread (1/7) #xrp: The double digit is this cycle, and the next three digits!
The line below #xrp Shared on February 12, 2025 in the subscriber section.
Together, we have built the entire Elliot Wave number to evaluate our next goal: 🎯✨
Get a deeper look at it! 🔍… pic.twitter.com/nkv00y5mzd
– Egrag Crypto (@egragcrypto) March 12, 2025
According to Egrag’s evaluation, XRP is currently in the second wave of the Elliot Wave structure, traditionally defined by high-priced volatility and corrections.
Traders and investors must pay attention to larger wave structures
In Twitter/X post, Egrag explains that XRP is in it Correction wave Two, and planned for double-digit prices, even more than $100.
Analysts elaborate on a wave 2 that often retrieves a portion of wave 1, usually matching 50%, 76%, or even 85.4% of the initial motion. He shared Ripple’s XRP is consolidating its holdings during the correction phase.
Assets are under bearish pressure and the market may bottom twice before entering the third wave. Egrag warns that Wave 3 is the most aggressive part of the cycle and is more volatile.
Can XRP reach $100 or more?
Previously, XRP’s Wave 1 mode increased the price by 733%. By using the Elliot Wave extension formula, popular analysts predict that the Wave 3 of XRP can be extended to the first wave of 1.618X. Using this calculation, Egrag’s potential surge is 1,185 times, and the price range converted to XRP ranges from $22 to $24.
Once XRP hits the peak of wave 3, the fourth wave and price correction will be followed. For this salary, the answer level is between 14% and 38.2% of Wave 3. If this happens, Egrag predicts that the price of XRP may drop to $8.
Related Readings
The 5th wave of Elliott wave is used in which three methods can predict the price. First, if the price of XRP is between 1.236% and 1.618%, the price of the asset may reach between $32 and $48. Secondly, if the wave repeats wave 1 for the fifth time, the price may be between $60 and $70. Third, if the motion of waves 1 and 3 extends by 61.8%, then the price of XRP is likely to reach $100.
Featured images from Medium, charts for TradingView
