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

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The cryptocurrency market has long been driven by cycles—patterns that repeat across bull and bear phases, often echoing past price movements with striking similarity. One digital asset now capturing renewed attention is XRP, as a prominent crypto analyst suggests its current trajectory closely mirrors the explosive 2017 rally. According to EGRAG CRYPTO, a well-known figure in technical analysis circles, XRP could be on the verge of a historic surge—first targeting $27**, then potentially skyrocketing to **$120.

This bold prediction hinges on a detailed Elliott Wave analysis, which outlines a long-term bullish structure that parallels XRP’s previous bull run. If the forecast holds, investors could witness one of the most dramatic price escalations in crypto history.

Echoes of 2017: XRP Retracing Its Historic Bull Run

The year 2017 remains etched in crypto history as the peak of the first major bull cycle. For XRP, it was a period of unprecedented growth. The token surged from less than $0.01** to an all-time high of **$3.84 by January 2018, fueled by a combination of factors:

This explosive rally followed a classic five-wave Elliott Wave impulse pattern, a technical framework used to identify market cycles. In this model:

After peaking in early 2018, XRP entered a prolonged bear market, shedding over 90% of its value in the following years. But now, EGRAG CRYPTO argues that history may be repeating itself—this time with even greater upside potential.

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Current Market Structure: Are We in Wave 2?

According to the analyst’s latest chart analysis, XRP is currently navigating Wave 2 of a new impulse cycle. This phase represents a corrective pullback following the initial bullish surge of Wave 1.

Here’s how the current wave structure breaks down:

This retracement aligns with typical Elliott Wave behavior, where Wave 2 often corrects between 38.2% and 61.8% of Wave 1. At current levels, XRP appears to be stabilizing near key support zones, suggesting the correction may be nearing its end.

The next phase—Wave 3—is where things could get explosive.

Why Wave 3 Could Be the Biggest Move Yet

In Elliott Wave theory, Wave 3 is often the most powerful and extended leg of the impulse sequence. It’s characterized by:

Based on standard Fibonacci extension ratios, EGRAG CRYPTO projects that Wave 3 could reach 161.8% the length of Wave 1. Applying this to XRP’s recent move:

However, the analyst takes it further—factoring in broader market conditions, macroeconomic tailwinds, and potential regulatory clarity for XRP. With these catalysts, EGRAG believes XRP could extend well beyond typical projections, ultimately peaking around $27 by summer 2025.

That would represent a more than 1,100% gain from current levels.

The Path to $120: Long-Term Elliott Wave Projection

While $27 is an ambitious short-to-mid-term target, EGRAG CRYPTO’s full vision extends far beyond that. The analyst outlines a complete five-wave structure that sets the stage for a final, parabolic move in Wave 5.

Here’s the projected long-term roadmap:

  1. Wave 3 Completion (~Summer 2025): Price reaches $27
  2. Wave 4 Correction (2025–2028): A deep, multi-year pullback down to $5.50
  3. Wave 5 Launch (Late 2028 Onward): Final bullish impulse driven by renewed adoption and market maturity

Using measured move analysis—a technique comparing later waves to earlier ones—EGRAG estimates that Wave 5 could match the combined length of Wave 1 and Wave 3, or extend by 61.8% of their sum.

With these calculations, the ultimate peak lands around $120 per XRP.

At today’s price of $2.19, that would be a staggering 5,380% increase—a return few assets in financial history have ever delivered.

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Core Keywords Driving This Outlook

The following keywords capture the central themes and search intent behind this analysis:

These terms reflect high-intent queries from investors seeking technical insights, historical comparisons, and future price targets for XRP.

Frequently Asked Questions (FAQ)

What is Elliott Wave Theory?

Elliott Wave Theory is a form of technical analysis that identifies recurring wave patterns in financial markets. It suggests that investor psychology moves in predictable cycles—five waves up during a bull trend, followed by three waves down in correction.

Is the 2017 XRP cycle really repeating?

While no cycle is identical, many technical analysts observe strong similarities in market structure, sentiment, and timing. The current price action, volume profile, and macro backdrop show parallels to late 2016–early 2017, supporting the idea of a repeating pattern.

How realistic is the $120 XRP price target?

A $120 target implies a market cap exceeding $6 trillion at full circulation—far above Bitcoin’s all-time high valuation. While extreme, such projections are based on extended wave patterns and assume massive adoption growth. Most experts view this as a speculative long-term scenario rather than a guaranteed outcome.

When could XRP reach $27?

If the Elliott Wave timeline holds, XRP could reach $27 by summer 2025, following the completion of Wave 3. This depends on sustained bullish momentum and broader crypto market strength.

What triggers could accelerate XRP’s price?

Key catalysts include:

Should I invest based on this analysis?

While technical analysis provides valuable insight, it should not be the sole basis for investment decisions. Always conduct independent research, assess risk tolerance, and consider diversification before investing in volatile assets like cryptocurrencies.

👉 Learn how to analyze market cycles like a pro before making your next move

Final Thoughts: A High-Risk, High-Reward Scenario

EGRAG CRYPTO’s projection presents one of the most aggressive yet structurally grounded XRP forecasts to date. By anchoring his analysis in Elliott Wave principles and drawing direct comparisons to the 2017 bull run, he offers a compelling narrative for what could come next.

However, it’s essential to remember: while history may rhyme, it doesn’t always repeat exactly. Market conditions today differ significantly from 2017—regulatory scrutiny is higher, institutional involvement is deeper, and global macroeconomic factors play a larger role.

Still, if XRP manages to complete its current correction and enter Wave 3 with strong momentum, even conservative targets could be exceeded. And if all conditions align—adoption, regulation, and market sentiment—the path toward triple-digit prices might not be as far-fetched as it seems.

For traders and long-term holders alike, the coming months will be critical in determining whether this cycle becomes another chapter in XRP’s volatile but remarkable journey—or the beginning of its most transformative era yet.