XRP (XRP) Price Prediction 2025: Will Ripple Finally Break Out of Its 7-Year Downtrend?

Market analyst EGRAG has revisited his analysis of XRP's price action, predicting a potential surge above $27 based on the development of a “megaphone pattern.”

Crypto market analyst EGRAG has shared an updated analysis of XRP’s price movements, predicting a potential surge above $27 based on the development of a “megaphone pattern.” This prediction comes amid ongoing volatility in the cryptocurrency market, although XRP has shown notable resilience recently.

Despite broader market pullbacks, XRP demonstrated a 10% rally last weekend, only to face a modest retracement. However, as the market recovered, the asset led the pack, showing a significant 16.82% gain in the past week.

Understanding the XRP Megaphone Pattern

This analysis focuses on a broadening price pattern known as the “megaphone pattern,” which is forming on XRP’s 1-month chart. This pattern is characterized by higher highs and higher lows, indicating that the bulls are in control, despite the increased volatility. According to EGRAG, the megaphone structure has a 70% win ratio and can be more reliable on longer timeframes.

The pattern was first identified by EGRAG in March 2023, when the token was priced at $0.3895. At that time, the analyst noted that the megaphone pattern had formed, representing potential future price increases. The structure’s distinctive feature is its three major bottoming phases and three major price upswings.

XRP – Megaphone Pattern (UPDATE):

Recall:

Who remembers the Megaphone Pattern from March 2023? If it doesn’t ring a bell, here’s a recap from our post on March 9, 2023:

https://t.co/1f3zkgpPGP

Price Target:

I’m reluctant to mention the top price target of the MEGAPHONE…

pic.twitter.com/YTQJyCTHwO

— EGRAG CRYPTO (@egragcrypto) January 13, 2025

XRP Historical Price Movements and Current Rebound

EGRAG highlights the asset’s past price movements to understand the significance of the megaphone pattern. The first bottoming phase occurred in September 2014, when the token reached a floor price of $0.00058.

After this low, the cryptocurrency rebounded, reaching a peak of $0.0306 by December 2014. A subsequent correction led to a second bottom of $0.003 in January 2017, followed by another price rally, with XRP reaching an all-time high of $3.5 in January 2018, which marked the second major upswing.

Afterward, the token underwent a significant pullback, lasting for seven years. This correction ended in July 2024, when the price bottomed at $0.3899. With the current rebound, the analyst believes the digital asset is now experiencing the third upswing, which could propel the cryptocurrency toward higher price levels.

Price Targets and Market Expectations

EGRAG’s latest analysis outlines three key price targets for XRP as it moves through this third upswing. Based on Fibonacci retracement levels, the first target is $8.15, corresponding to Fib. 1.272.

If the token surpasses this level, the next target would be $13.3, which aligns with Fibonacci’s 1.414 level. According to EGRAG, the final target is $27.05, corresponding to Fibonacci 1.618, representing a nearly 10-fold increase from its current price of $2.54.

EGRAG also notes that for the token to confirm the validity of this megaphone pattern, traders should monitor both price action and volume indicators. An increase in trading volume and consistently trading above key breakout points will confirm that the pattern is unfolding as expected.

Although EGRAG previously suggested more ambitious targets in earlier analyses, he has opted not to set overly optimistic price projections this time. He emphasized that while the potential for significant price movement exists, especially given the recent rebound, he aims to avoid misleading new traders by overestimating potential gains.

In conclusion, while the megaphone pattern on XRP’s chart suggests the possibility of significant price increases, traders should carefully monitor the asset’s price movements and volume to confirm the trend. If the pattern holds, the token could be set for a major rally toward the $27 mark.

Note: This content is for informational purposes only and not intended to be financial advice. Derives from an external source.