Analyst says XRP may reach $27 by July if 2017 pattern repeats itself.

XRP must hold $2.3 support and break $2.7 and $3 to confirm rally.

Before $27, targets are $8.49 and $13.79 based on Fibonacci levels, says EGRAG.

EGRAG Crypto, a chartist, has revived a familiar comparison in the digital asset space, pointing to the 2017 market cycle as a mirror for XRP’s current price movement. In a recent breakdown, he highlighted that it could reach the $27 mark in the next 60 days if the path from 2017 repeats itself. The projected timeline leads to July 2025 as a potential moment when XRP could hit this long-anticipated price.

During the 2017 cycle, XRP climbed from $0.0055 in March to $0.3988 by May, then stayed in a prolonged consolidation phase. EGRAG noted that the same underperformance followed by an explosive rally is visible once again. XRP stayed sluggish in 2023 and most of 2024, hovering near $0.5 until November 2024. Then, in a sharp reversal, it jumped nearly 600% and hit $3.4 in January 2025.

That surge stalled, and the cryptocurrency once again moved into consolidation — echoing its 2017 rhythm. EGRAG sees this as the start of another significant climb, claiming that the asset is now in the final part of its buildup, just like before.

Echoes of 2017 Shape July Price Forecast

In 2017, following a six-month flat stretch, XRP rose another 1,772%, reaching its all-time high of $3.8 in January 2018. This wave came just 63 days after the consolidation ended. The analyst believes the same timeline is unfolding now, with the second wave poised to launch.

If the cryptocurrency follows the same pace, the expected rise of 1,772% from the current consolidation level would bring the price to $27 within two months. This figure lines up with the Fibonacci 1.618 extension, often used by technical analysts to estimate price targets in upward trends.

But EGRAG is cautious in his optimism. He advises investors to secure profits at key intervals along the way, not just wait for the $27 finish. He also set two stepping-stone targets before that—$8.49 and $13.79—based on Fibonacci levels 1.272 and 1.414.

XRP Crucial Levels in Focus

While $27 grabs headlines, the analyst says the coin must first hold a support level to stay in bullish territory. He pointed to the 21-week Exponential Moving Average, currently sitting at $2.3, as the line XRP must not fall below. At the moment, it trades at $2.358.

For a breakout to be confirmed, EGRAG emphasized that XRP must push through key resistance levels. A move past the $2.7 mark—aligned with the Fibonacci 1.414 level—would strongly suggest a fresh rally is underway. A further break past $3 would seal the confirmation that XRP is in a full breakout phase.

Looking ahead, EGRAG remains confident in his prediction. He said Ripple’s token could repeat its 2017 pattern almost exactly and reach $27 by July 2025, but this depends on market behavior staying in line with previous cycles. Investors are now watching closely, waiting to see if history really does repeat itself.

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Filed under: Bitcoin - @ May 24, 2025 1:03 pm