XRP, currently the third-largest cryptocurrency by market capitalization, may experience a significant price surge, potentially reaching $17 by 2025, according to market analyst Egrag Crypto.
In a recent post on X, Egrag Crypto shared an optimistic outlook for XRP, suggesting that the cryptocurrency is poised for a major rally capable of breaching critical resistance levels, which could yield substantial returns for investors. Utilizing a tool known as “The Bent Fork Chart,” he painted an ambitious picture of XRP’s price trajectory, indicating that touching the $17 target is within reach as early as next year.
XRP currently faces a critical resistance level at $2.5, a price point that functions both as a structural and psychological barrier for investors. The last time XRP was able to maintain a position above $1 was in late 2021, during a bullish market phase.
According to Egrag Crypto, should XRP succeed in breaking this crucial barrier, it could signal the beginning of its ascent to new heights, potentially setting the stage for a new all-time high. “A new XRP ATH could open the gates to Valhalla,” he noted, hinting at the numerous possibilities that could present themselves if XRP sustains upward momentum.
In the short term, XRP needs to establish a solid upward trend to surpass this “gatekeeper” price level. Earlier this year, XRP aimed to reach this price as the overall cryptocurrency market surged due to heightened interest in Bitcoin exchange-traded funds (ETFs).
Egrag Crypto believes that if XRP manages to overcome the $3.5 mark, breaks the psychological barrier at $3.8, and creates a new all-time high, the next major target could indeed be $17. His analysis suggests a staggering potential increase of approximately 3,763%, given that XRP was trading at $3.01 on September 11 after a 1.3% gain within 24 hours.
In related developments, Ripple Labs CEO Brad Garlinghouse took part in a crypto roundtable organized by Democratic Congressman Ro Khanna, which also featured notable participants like investor Mark Cuban. The discussion addressed various issues confronting the cryptocurrency industry. During this meeting, Garlinghouse criticized the regulatory stance of SEC Chair Gary Gensler, proclaiming that many Democrats appear to support Gensler’s methods, which he described as an “unlawful war on crypto.” He remarked that this anti-crypto sentiment may give the Republican Party a competitive edge in upcoming presidential campaigns.
