Analyst Says XRP Price Could Reach $30 by Repeating 2017 Trend

13 April 2025 – A prominent cryptocurrency analyst has suggested that XRP, the native token of the Ripple network, could experience a dramatic surge in value if market conditions mirror those of the 2017 bull run. According to a recent technical analysis, the token may climb as high as $30 — a substantial increase from its current valuation.

The projection, made by the analyst known as EGRAG CRYPTO, is based on the historical price action of XRP during the last major rally. In 2017, XRP experienced a parabolic move, rising by approximately 2,600% in a relatively short time frame. EGRAG argues that a similar pattern appears to be forming once again, based on the symmetrical triangle visible on long-term price charts.

Symmetrical Triangle Signals Potential Breakout

Symmetrical triangles are a common technical analysis pattern, often indicating a period of price consolidation before a breakout. EGRAG's analysis points to a multi-year symmetrical triangle, which he believes is now approaching a breakout point. Instead of relying on conventional price projections from such formations, the analyst has chosen to measure the potential upside based on XRP’s last historic rally.

His reasoning is that the explosive nature of previous moves could serve as a more accurate forecast than traditional technical indicators. “We’ve seen this setup before,” EGRAG wrote in his analysis. “If the same parabolic growth plays out, XRP could soar to $30 or even higher, mirroring its behaviour from 2017.”

Currently, XRP is trading far below that level, and the proposed surge would represent an increase of more than 740% from its all-time high of $3.84 set during the previous market cycle.

A “Double Target” Strategy

EGRAG also introduced a concept he calls the “double target” — a combination of a symmetrical triangle and a bullish pennant. According to his interpretation of the chart, both formations point to a potential breakout in the same upward direction, reinforcing the bullish case for XRP.

He added that this overlapping pattern could be interpreted as a strong confirmation of price compression, which historically leads to explosive movement. The analyst also presented a visual chart to explain his methodology, distinguishing it from more conventional models that often produce more modest predictions.

Market Sentiment and Broader Outlook

While such price forecasts should be approached with caution, they do reflect growing optimism among sections of the cryptocurrency community. XRP, which was once considered a frontrunner among altcoins, has in recent years struggled with regulatory headwinds, particularly in the United States where Ripple Labs has been embroiled in a prolonged legal battle with the Securities and Exchange Commission (SEC).

Despite this, many investors remain optimistic about XRP’s long-term potential. The token has shown signs of recovery in recent months, bolstered by renewed interest in altcoins and signs of regulatory clarity emerging in some jurisdictions.

Analysts note that much will depend on the broader macroeconomic environment, as well as developments within Ripple’s enterprise blockchain solutions, which are geared towards streamlining cross-border payments for financial institutions.

A Word of Caution

Sceptics have noted that while historical patterns can provide guidance, they do not guarantee future performance. Cryptocurrencies are known for their volatility, and large price swings can occur in both directions with little warning. Additionally, macroeconomic uncertainties, changing investor sentiment, and technological developments all influence digital asset valuations.

Nonetheless, EGRAG remains confident in his analysis. “The charts are telling a story,” he said. “If history does indeed repeat itself, XRP may be preparing for a rally unlike any we’ve seen since 2017.”

For now, XRP holders — often referred to within the community as the “XRP Army” — are watching the charts closely. Whether the altcoin lives up to this bold forecast remains to be seen, but for believers in Ripple’s vision, the next chapter could be pivotal.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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