- Massive Breakout Setup: A long-term Symmetrical Triangle pattern dating back to 2017 has reappeared on XRP’s monthly chart, with analyst Egrag Crypto suggesting a possible rally from $1.20 to as high as $32.36 — mirroring XRP’s 2,600% breakout during the 2017 bull run.
- Technical Structure Aligns: Egrag’s forecast includes a 3-phase move: a pump to $3.52 (Fibonacci level), a pullback to $1.20, and then a surge toward $32+. Bullish pennants and volume trends support the possibility of a sustained upward move.
- Skepticism Remains, But Hope Builds: While the $30+ prediction is bold, XRP’s support structure and recent momentum have reignited bullish sentiment. Still, macro conditions and market realities will need to align for the forecast to play out.
The XRP price might be sitting on the edge of a historic breakout — yep, that kind of breakout. A pattern that’s been forming since way back in 2017 is making a comeback on the charts, and if it plays out like it did last time, well… some folks are saying we could see XRP launch to $30. Wild, right?
Analyst Spots Major Symmetrical Triangle — And a Big Move Could Be Brewing
A well-known crypto analyst on X (Twitter, for those of us still adjusting), Egrag Crypto, has been stirring up some buzz. According to his latest chart dive, XRP’s got a giant Symmetrical Triangle pattern stretching across years. And get this — it looks really similar to the one that kicked off XRP’s insane 2,600% pump back in the 2017 bull run.
Back then, XRP ran all the way up to $3.84 in just a matter of months. Now, with prices tightening again inside this massive triangle, Egrag thinks a breakout is coming — and it could be way more explosive this time around.
He’s pointing to a potential jump from the $1.20 area to as high as $32.36. That’s not just an all-time high. That’s a whole new stratosphere. For perspective, it would mark a 741% gain from today’s levels. It’s bold. It’s exciting. It’s also, admittedly, a bit speculative.
A Pattern Within a Pattern: Bullish Pennants Add Fuel to the Fire
Egrag isn’t just throwing numbers out there, though. His chart work is rooted in technical analysis, comparing bullish pennants and symmetrical triangle patterns — both of which tend to lead to big-time price moves when they break.
According to his theory, XRP’s price could play out in three distinct stages: a breakout rally to about $3.52 (that’s the 1.0 Fibonacci retracement zone), a pullback to the breakout area around $1.20, and then the big one — the charge toward $32.36.
Sure, there’s a fair bit of hopium baked into this forecast, but it’s not without precedent. The last time XRP followed this kind of pattern, it shocked everyone. So, could history repeat? Maybe not exactly — but with XRP maintaining long-term support and showing early signs of life, a big move definitely isn’t off the table.
Reality Check: Can XRP Really Hit $30?
Let’s be real. Predicting a 741% surge isn’t for the faint of heart. It’s one thing to spot a bullish pattern, but a move of that size depends on a lot going right — macro conditions, market sentiment, regulatory clarity, and probably a sprinkle of luck too.
Still, Egrag’s analysis taps into what a lot of XRP holders have been waiting for: a moment. And with the charts flashing some intriguing setups, it’s worth keeping an eye on.
As always, no one’s got a crystal ball. But if XRP breaks out of this triangle like it did in 2017, it could get veryinteresting, very fast.
