The XRP price has experienced a modest 5% recovery in the last 24 hours, managing to reclaim the crucial support level at $1.40. However, it remains substantially below its all-time highs reached in 2025.
Despite this, technical analyst Egrag Crypto believes that this year could see the XRP price soaring to a price point as high as $42, meaning a potential gain of up to 2,900% from its current levels.
XRP Price Cycles
Egrag delineates his forecast by identifying four macro formations on the cryptocurrency’s monthly chart, each of which follows a similar cyclical pattern over the past decade.
These cycles demonstrate that the XRP price tends to undergo a period of compression into a tight range before breaking out and embarking on a significant rally, ultimately resetting before the next structure emerges.
The first formation occurred in October 2014, when XRP rose from $0.0046 to $0.028 by December. Following this initial surge, the price consolidated within the range of $0.006 to $0.009 for nearly three years until early 2017.
The second formation initiated in March 2017, leading to a breakout that pushed the XRP price from under $0.01 to $0.40 by May of the same year, resulting in over 4,000% gains.
After another consolidation period through November 2017, XRP reached a peak of $3.31 in January 2018 before experiencing a prolonged decline that ultimately brought it down to around $0.17 by June 2020.
The fourth formation began from the $0.17 low in June 2020, where XRP rallied to $1.96 by April 2021. After another extended period of consolidation around the $0.50 mark, XRP broke through a significant descending trendline in November 2024, which had been constraining its price since 2018.
This breakout propelled the XRP price to $3.65 by July 2025. The current price pullback to the $1.30–$1.40 range is effectively retesting that breakout level. If XRP continues along the same proportional trajectory as previous cycles, Egrag’s target of $42 could be within reach.
Two Scenarios To Keep An Eye On
It’s important to note that Egrag does not position $42 as the immediate target. Instead, he has laid out intermediate goals that are much lower—such as $4.50 if a breakout occurs, and potentially $10–$13 if the rally expands further.
But when averaging across all four macro scenarios, Egrag estimates that an XRP price around $11 would be plausible, suggesting a market cap of about $670 billion for the altcoin.
Lastly, Egrag presents a cautious perspective regarding the $42 target, outlining two potential scenarios moving forward. One possibility is that the bullish structure may fail, leading the XRP price into a deeper bear market.
Alternatively, Egrag leans toward the thought that the current drawdown is merely a retest 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