XRP price has recovered just 5% in the past 24 hours and was able to regain the key support level at $1.40. However, it remains well below the all-time high reached in 2025.
Nevertheless, technical analyst Egrag Crypto believes that XRP price could soar to $42 this year, meaning it could rise up to 2,900% from current levels.
XRP price cycle
Eglag outlines his predictions by identifying four macro formations on crypto monthly charts, each of which has followed a similar cyclical pattern over the past decade.
These cycles show that XRP price tends to go through periods of compression into a narrow range before breaking out and embarking on a significant rally, and eventually resetting before the next structure emerges.
The first formation occurred in October 2014, and XRP rose from $0.0046 to $0.028 by December. After this initial spike, prices stabilized within a range of $0.006 to $0.009 for almost three years until early 2017.
The second formation began in March 2017 and led to a breakout, with XRP price rising from less than $0.01 to $0.40 by May of the same year, an increase of over 4,000%.
After a further period of consolidation until November 2017, XRP reached a peak of $3.31 in January 2018, but then experienced a prolonged decline, eventually falling to around $0.17 by June 2020.
The fourth formation started at a low of $0.17 in June 2020, and XRP rose to $1.96 by April 2021. After an even longer period of consolidation around $0.50, XRP broke out of the significant downtrend line that had suppressed the price since 2018 in November 2024.
This breakout pushed XRP price up to $3.65 by July 2025. The current price moving back into the $1.30 to $1.40 range is effectively retrying that breakout level. If XRP continues to trend along the same proportional trajectory as in previous cycles, Egrag’s $42 target could be within reach.
Two scenarios worth noting
It is important to note that Egrag is not positioning $42 as an immediate target. Instead, he set a much lower intermediate goal. For example, it could be $4.50 if there is a breakout, or $10-13 if the rally extends further.
However, if you average all four macro scenarios, Egrag estimates that an XRP price of around $11 would be reasonable, implying an altcoin market cap of around $670 billion.
Finally, Egrag takes a cautious view on the $42 target and outlines two potential scenarios going forward. One possibility is that the bullish structure fails and the XRP price falls into a deeper bear market.
Alternatively, Eglag leans toward the idea that the current drawdown is simply a retest in a new growth cycle. He emphasizes that this structural framework must remain intact for his predictions to hold.
Featured image from OpenArt, chart from TradingView.com
