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.\u00a0<\/p>\n
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.<\/p>\n
Egrag delineates his forecast <\/a>by identifying four macro formations on the cryptocurrency\u2019s monthly chart, each of which follows a similar cyclical pattern over the past decade.\u00a0<\/p>\n 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.<\/p>\n 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 <\/a>within the range of $0.006 to $0.009 for nearly three years until early 2017.\u00a0<\/p>\n 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.\u00a0<\/p>\n 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.<\/p>\n The fourth formation<\/a> 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.\u00a0<\/p>\n This breakout propelled the XRP price to $3.65 by July 2025. The current price pullback to the $1.30\u2013$1.40 range is effectively retesting that breakout level. If XRP continues along the same proportional trajectory as previous cycles, Egrag\u2019s target of $42 could be within reach.<\/p>\n It\u2019s important to note that Egrag does not position $42 as the immediate target. Instead, he has laid out intermediate goals that are much lower\u2014such as $4.50 if a breakout occurs, and potentially $10\u2013$13 if the rally expands further.\u00a0<\/p>\n But when averaging across all four macro scenarios<\/a>, Egrag estimates that an XRP price around $11 would be plausible, suggesting a market cap of about $670 billion for the altcoin.\u00a0<\/p>\nTwo Scenarios To Keep An Eye On<\/h2>\n