XRP to $17 in 2025? Analyst’s Bold Prediction Sparks Hype

Crypto analyst Egrag Crypto is at it again with another XRP price prediction, this time to $17.

In a recent X post he highlighted a bullish pennant formation that could see XRP hit this target as soon as next year.

Egrag said for this to happen XRP needs to break and close above $3.40, if not then we should temper our expectations. His technical analysis also showed a measured move that has conservative targets at $15 and $17 being the more aggressive scenario.

The analyst’s chart shows XRP has been respecting a key support level yellow trendline which is essential for this bullish setup to hold, but any break below this level could be a reversal and a bear trend.

Why XRP’s Price Could Rally to $3.35 Soon

Technical analysis also suggests XRP could rally to $3.35, he says XRP is forming a cup and handle pattern a classic bullish setup that could trigger a breakout.

Key factors influencing XRP’s potential move to $3.35:

• Technical Indicators: Martinez previously warned of a potential pullback after a 22% price surge, citing the TD Sequential indicator’s sell signal. However, the cup-and-handle pattern now appears to be overriding that bearish setup.

• Market Sentiment: Increased optimism following the U.S. SEC’s acknowledgment of XRP ETF filings has fueled bullish sentiment among investors.

• Resistance Levels: If XRP successfully claims the $2.77 level, analysts predict a move toward $4 and beyond.

Also crypto analyst Dark Defender says XRP could go to $8.50 based on the bullish rectangle pattern on the daily chart. This aligns with the broader market trend that favors altcoins to rally along with Bitcoin’s strength.

SEC Developments & Market Catalysts Fuel XRP Optimism

The U.S. SEC acknowledging Grayscale’s and 21Shares’s XRP ETF filings has been a big boost for the token. Experts think this increases the chances of an eventual ETF approval which could drive a lot of demand for XRP.

Key takeaways from this regulatory development:

• Institutional Interest: An approved XRP ETF would open the doors for more institutional investors, adding significant liquidity to the market.

• Commodity Classification?: Some crypto analysts speculate that the SEC’s acknowledgment implies that it considers XRP a commodity rather than a security—potentially resolving one of the biggest legal overhangs on the asset.

With all this in play the XRP price is a hot topic for investors. While the long term targets of $17 and $100 are speculative the short term targets of $3.35 seems more and more possible. If XRP gets through the resistance and gets the bullish confirmations 2025 could be the breakout year for the asset.