The price of XRP experienced a modest 5% recovery in the last 24 hours, managing to recover the important support level at $1.40. However, it is well below its peak in 2025.
However, technical analyst Egrag Crypto believes that this year could see the price of XRP rise to $42, meaning a potential gain of up to 2,900% from its current level.
XRP price cycles
Egrag makes his prediction 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 show that the price of XRP tends to undergo a period of compression into a tight range before breaking out and breaking out into a significant rally, eventually resuming before the next structure appears.
The first formation occurred in October 2014, when XRP rose from $0.0046 to $0.028 in December. After this initial rise, the price consolidated in the $0.006 to $0.009 range for nearly three years until early 2017.
The second formation started in March 2017, which led to the breakout of the price of XRP in May of the same year from $0.01 to $0.40, resulting in a gain of more than 4,000%.
After another period of consolidation until November 2017, XRP reached a peak of $3.31 in January 2018, before experiencing a long decline that eventually brought it down to $0.17 by June 2020.
The fourth interval started at $0.17 in June 2020, where XRP rose to $1.96 by April 2021. After a long period of consolidation around $0.50, XRP broke a significant downtrend in November 2024 that had been capping its price since 2018.
The breakout pushed the XRP price to $3.65 by July 2025. The price’s current pullback to the $1.30-$1.40 range is retesting this breakout level. If XRP continues on the same bullish trajectory as in previous periods, Egrag’s target of $42 may be within reach.
Two scenarios to keep an eye on
It should be noted that Egrag does not place $42 as an immediate target. Instead, he set intermediate targets that are much lower – like $4.50 in case of a breakout, and possibly $10-$13 if the rally extends further.
But when averaged across all four macro scenarios, Egrag estimates that the price of XRP around $11 is plausible, suggesting a market value of around $670 billion for the altcoin.
Finally, Egrag offers a cautious outlook on the $42 target, indicating two possible scenarios going forward. One possibility is that the bullish structure could fail, sending the price of XRP into a deep bear market.
Alternatively, Egrag relies on the idea that the current decline is just a retest for a new growth period. He insists that this structural framework must remain intact for his predictions to be fulfilled.
Featured image from OpenArt, chart from TradingView.com
