Crypto Analyst Says XRP Price Is Mirroring 2017 Cycle, “$27 Then $120”

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XRP is preparing for a height of $ 120, according to the famous Egrag Crypto. Moving to the social media platform x, analyst Share a new scheme In detail, a quick look at XRP, which indicates that the cryptocurrency regains a path similar to its explosive gathering for the year 2017. This time, however, the path can be more dramatic, as the graph accompanying its center shows in the long term The formation of Elliot wave This first indicates 27 dollars and eventually a stunning price of $ 120.

Echoes 2017: XRP Restore cycle, which rose the price to the highest level ever

The 2017 bull cycle is one of the most famous periods in the history of XRP. During this stage, the XRP price increased from less than $ 0.01 to the highest level ever at $ 3.84, driven by a broader encrypted market bouquet, exchange lists, and the speculation surrounding the adoption of Ripple among financial institutions.

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Rally followed the Elliott Wave Dripulse structure, with five distinctive waves characterized by short uniforms before each main leg up. By early 2018, the bubble appeared, and XRP, like the rest of the encryption market, appeared in a long bear.

The Egrag Crypto Publisher indicates that XRP is now After a similar pattern To one in 2017. In particular, the analyst indicated that XRP is in the process of forming its second wave, which is an alternative to the upholsterer 1. This driving wave 1 features an increase in XRP to $ 3.4 between Q4 2024 and Januari 2025. Prices have been corrected since JanuaryWhich sent the XRP price to about $ 2.

Now, the next step is that the 3 wave of configuration begins. Depending on the traditional Elliott wave rates, this wave tends to extend it strongly, and 161.8 % of the wave is often measured by 1. According to EGRAG, the XRP price is expected Above double numbers At some point in the summer of 2025, at this stage, the analyst expected to top about 27 dollars, or nearly ten times the current trading price. After that, you expect his view of a 4 -year -long length wave to correct the way to extend the final 5 wave that can see XRP in triple numbers.

The long -term goal of $ 120

In its overthrow, the 27 dollar level will be the completion of the 3 wave, followed by a three -year wave correction. This correction will be brutal and causes the price of XRP You reach the bottom of about $ 5.50.

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After this monotheism, the formation of the 5 -which followed the form of this will lead to the fall of XRP to its highest levels again and go in the same measured step as 1 or 61.8 % of the wave 1 + wave 3. If this is expected as the EGRAG expected, then XRP will be divided into a digital triple area and ultimately about 120 dollars.

At the time of writing this report, XRP is trading at $ 2.19, an increase of 2 % over the past 24 hours. Access to $ 27 and $ 120 to 1,132 % and 5,380 % of increases, respectively, from the current price.