Crypto strategist EGRAG CRYPTO, known for his technical analysis in the digital asset space, has shared a comprehensive chart predicting significant upward potential for Ripple’s XRP. His long-term projection is based on Elliott Wave Theory and spans from 2017 through 2032, suggesting that XRP may be entering the early phases of its most substantial price movement to date.
The Elliott Wave count
EGRAG CRYPTO’s analysis includes a detailed application of Elliott Wave Theory, which identifies recurring price patterns and investor psychology in financial markets. He maps out two simultaneous wave sequences on XRP: the broader macro structure and a nested, more granular formation currently underway.
According to the chart, the larger cycle completed a five-wave decline by 2020. A new five-wave upward sequence began at that point, and XRP now sits in Wave 3 of this advancing pattern. EGRAG CRYPTO emphasizes the importance of this third wave, describing it as the most significant within the cycle.
At press time, XRP trades around $1.25, remaining above a critical support of $1.10. Should this level break, an additional support floor lies at $0.95. Fibonacci levels play a central role in his analysis: Wave 3 commonly extends to 161.8% of Wave 1, while Wave 4 typically retraces between 14.6% and 38.2% of Wave 3.
If you understand the Elliott Wave structure, you are already one step ahead of the market, according to EGRAG CRYPTO’s message to fellow technical traders.
Mini dictionary: Elliott Wave Theory, developed by Ralph Nelson Elliott, posits that financial markets move in predictive cycles (waves) based on mass psychology. Traders often use this framework to identify larger market trends and reversal points.
Key target ranges
EGRAG CRYPTO divides his forecast into two main target regions. The “Most Possible Region” envisions XRP reaching between $11 and $13. Should momentum build further, the “High End Region” projects a price range from $23 to $27. Before these higher targets, the analyst marks $5.43 as an area where strong selling pressure might emerge, potentially triggering a sell-off before a final push higher.
The analysis also highlights $16.53 as a notable price marker, suggesting that only a small fraction of investors may hold XRP until this point, which would represent a return of around 1,750% from current levels. The majority of traders, according to this view, are anticipated to exit before such a rally unfolds.
| Target Region | Price Range | Key Notes |
|---|---|---|
| Support Levels | $0.95, $1.10 | Short-term base |
| Sell-Off Region | $5.43 | Likely initial resistance |
| Most Possible Region | $11–$13 | Main target range |
| High End Region | $23–$27 | Bullish scenario |
| Only Few Remain | $16.53 | Most traders expected to exit before this point |
Technical structure and timeline
In addition to wave counts, the forecast incorporates other technical signals. EGRAG CRYPTO uses a “Nike Swoosh” pattern—marked by a sweeping, curved trend line—tracing XRP’s multiyear decline and subsequent recovery beginning in 2017. He identifies this pattern as a common landmark for long-term accumulation and expansion phases.
The chart also features two Measured Move indicators, projecting previous volatility into future price targets, and maps multiple diagonal trend lines that compose an ascending channel, with XRP currently positioned near its lower edge.
Mini dictionary: Measured Move indicator, in technical analysis, is a forecasting tool that projects the size of a price movement based on the magnitude of a previous swing, helping to estimate future resistance or support levels.
EGRAG CRYPTO expects the primary upward move (Wave 3) to unfold between 2025 and 2029, with the overall Elliott Wave pattern completing by around 2032. Sub-waves identified within this window offer a more detailed roadmap for market participants to follow.
His long-term chart aims to provide traders with a systematic approach, mapping out anticipated price movements and support zones through the next decade.
