XRP Price Forecast: Analyst Maps Potential Targets to Over $17
A cryptocurrency analyst known for macro chart analyses has laid out an ambitious long-term roadmap for XRP. According to Egrag Crypto, the three-month chart shows early stages of a powerful Elliott Wave sequence that could eventually carry prices from current levels near $1.36 to a range between $6.19 and more than $17.
The analyst's chart divides market cycles into five distinct waves, each representing different phases of investor psychology and momentum. Waves 1 through 4 are shown as already completed, with Wave 5 representing the next major projection.
Egrag Crypto used a common Wave 5 projection methodology to estimate the next price range, which yields a primary target zone between $6.19 and $8.07. This calculation combines the estimated performances of Waves 1 and 3, producing a total gain of roughly 589%.