XRP may be preparing for one of its biggest rallies yet, according to a prominent crypto analyst. With a consistent pattern playing out across historical cycles and fresh bullish signals emerging from technical charts, XRP could be heading toward a breakout. Conservative estimates suggest a surge to $9.50, while more aggressive projections place the token as high as $37.50—representing a potential 455% to 2,000% increase from current levels.
Crypto market analyst EGRAG Crypto has outlined a long-term bullish forecast for XRP. Drawing on XRP’s historical price cycles, EGRAG highlighted a familiar three-stage pattern: a breakout above the Exponential Moving Average (EMA), a retest of that level, and a subsequent explosive rally.
In 2017, XRP gained over 2,000%, hitting a peak of $3.80. During the 2021 cycle, it surged 455% to $1.96. According to EGRAG, XRP completed a similar EMA retest in April 2025, signaling that a new bullish phase may be underway.
If XRP follows the 2021 cycle, a 455% move would take its price to $9.50. A rally like 2017’s could send it soaring to $37.50. “The structure is maturing as expected,” EGRAG wrote, suggesting the setup for a major price breakout is falling into place.
On the short-term charts, XRP is also showing signs of upward pressure. The token recently tested the upper boundary of a symmetrical triangle pattern that has been forming since its 2024 high of $3.60. The triangle’s narrowing range suggests that a breakout could be near.
As of July 7, XRP was trading around $2.27. A confirmed break above the $2.30 to $2.34 resistance range could trigger a move toward $2.58 and even $3.00. Momentum indicators such as the Parabolic SAR and the True Strength Index (TSI) support the bullish trend, while the 50-day Simple Moving Average (SMA) provides support at $2.2175.
According to technical analyst Parshwa Turakhiya, this setup creates “a strong foundation for a breakout.” The increased trading volume around the triangle’s apex further validates the potential for an upward move.
Investor confidence in XRP is also growing. Analyst Crypto Michael describes the current price action as “healthy consolidation,” following a strong 700% rally from $0.60 to over $2.00 in late 2024. XRP has held key resistance zones for more than seven months, forming a solid base for the next leg up.
Michael also pointed to Bitcoin as a potential trigger for altcoin momentum. “If Bitcoin breaks its eight-year trendline resistance, XRP and other altcoins could see significant upside,” he said.
This view is shared across the crypto community, especially amid increased speculation about a possible XRP exchange-traded fund (ETF), the resolution of Ripple’s lawsuit with the U.S. Securities and Exchange Commission (SEC), and the expansion of Ripple’s global partnerships.
XRP is currently consolidating near $2.27, up 2.02% over the past 24 hours. A TradingView chart shared by analyst TurkiTrade shows that XRP may be forming a bullish pennant—another pattern that supports a breakout scenario.
If the price stays above the $2.05 support zone and maintains volume, a breakout above $2.34 could open the path toward higher resistance levels at $2.58 and $3.00. From there, long-term projections suggest that $9.50 and $37.50 remain possible if macro conditions align.
The broader narrative around XRP remains optimistic. XRP has been one of the best-performing altcoins in recent months and continues to benefit from favorable sentiment and increased market attention.
While EGRAG’s $37.50 target may seem ambitious, the track record of XRP’s past cycles shows that such moves are not impossible. Conservative targets around $9.50 could still deliver significant gains from today’s price, representing a realistic near-term goal for bullish investors.
Still, analysts caution against being swept up by hype. EGRAG emphasized that traders should focus on clear strategies and risk management. “It’s essential to have a plan. The chart shows strength, but discipline is key,” he noted.
As XRP consolidates and prepares for a potential breakout, the technical setup, historical patterns, and broader market sentiment all point toward bullish possibilities. Whether XRP hits $9.50 or pushes beyond $30, the coming months will be critical for determining its trajectory.
With Ripple’s ongoing developments, potential ETF news, and the possibility of legal clarity from the SEC case, XRP remains one of the top altcoins to watch in 2025.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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