Analyst Predicts XRP Price Surge to $20-$66 Soon

Highlights:

• XRP is experiencing slight gains post-volatility, with strong predictions for growth potential.
• Egrag Crypto forecasts XRP’s price could soar to $20-$66 based on Elliott Wave Theory. 
• Experts say the end of the Ripple lawsuit will further boost the XRP price.

XRP has been a key player in the bull market after a strong November rally and various macroeconomic and legal factors. The altcoin is now seeing slight gains following a volatile trading week. Despite market uncertainty, Crypto analyst Egrag Crypto believes XRP has strong potential for both short-term and long-term growth.

Egrag Crypto Predicts XRP Price Surge Using Elliott Wave Theory

In a March 1 X post, Egrag Crypto predicted that XRP’s price could rise to between $20 and $66 soon. He emphasized that his analysis is based on solid mathematical principles, not speculative hype. Egrag then explained how Elliott Wave Theory, a technical analysis method based on five repeating wave patterns in market cycles, suggests XRP could reach as high as $66.

#XRP – Projecting Wave 5 (Target Range: $20 – $66):

🟣A Detailed Elliot Wave Count Analysis #XRP:
My analysis is grounded in mathematical principles rather than speculative hype. Let me show you how the Elliott Wave Theory is forecasting #XRP $20-$66.

🟣 Wave 1:
This initial… pic.twitter.com/D04IpqPIcp

— EGRAG CRYPTO (@egragcrypto) March 1, 2025

XRP’s Wave 1 and Current Wave 2 Movement

Egrag stated that XRP has completed Wave 1 after its 510% price surge in Q4 last year. At present, the altcoin is moving through Wave 2, which typically follows a corrective pattern marked by an expanded or irregular flat formation. Egrag forecasts that this wave may lead to a price drop to around $1.77 before a temporary rise to around $3.7 to $3.9, setting a possible bull trap.

Wave 3: The Most Explosive Phase

Next, XRP is expected to enter Wave 3, the most explosive and parabolic phase, driven by strong bullish sentiment. Egrag Crypto stated that Wave 3 is usually 1.618 times the length of Wave 1, indicating a possible 800%–1,000% surge to $17–$20.

Wave 4: A Corrective Phase and Buying Opportunity

For Wave 4, the analyst said XRP usually retraces between 14.6% and 38.2% of Wave 3. During this phase, prices consolidate sideways, creating new buying opportunities. Egrag Crypto noted that volume usually drops, making this a good buying point before Wave 5. The analyst predicted that XRP could fall to $6–$7 with a 38.2% pullback. He warned that the prolonged sideways movement might frustrate traders.

Wave 5 Signals XRP Price Final Surge with Targets Up to $66

Wave 5 will begin after the final correction, marking the last phase of Elliott Wave Theory. This stage is driven by strong bullish sentiment and increased investor participation. The analyst stated that price targets for Wave 5 have historically varied. Based on the inverse 1.238–1.618 times Wave 4 calculation, XRP could reach a price range of $20–$29.

Wave 5 could also mirror Wave 1, leading to a 510% surge from the Wave 4 price range of $6–$7, potentially reaching $44. Egrag Crypto suggested another possibility where Wave 5 equals 61.8% of the combined length of Wave 1 and Wave 3. This scenario points to an XRP price target of $66.

XRP Price Movement

XRP is currently priced at $2.26 after rising 4.44% in the past 24 hours. However, its daily trading volume has dropped 36.85% to $3.29 billion.

Legal expert Matt Hougan expects the Ripple lawsuit to end between April and May. This resolution could trigger a parabolic rally for XRP. The Egrag Crypto’s highly bullish forecast for XRP aligns with Dark Defender’s prediction that XRP will hit $8 regardless of the Ripple SEC case outcome.