The crypto market has begun the new week on a high note following a major announcement in the U.S. over the weekend. In a significant turn of events, President Donald Trump announced a diversified strategic crypto reserve for the country, including Bitcoin, Ethereum, XRP, Solana, and Cardano.
Following the announcement on his Truth Social account, the crypto market underwent a major rally led by the aforementioned cryptocurrencies. Bitcoin (BTC), the flagship crypto surged by over 8% reaching $93k. Ethereum (ETH) went up by 6% to $2,300.
However, the altcoins including Ripple (XRP), Cardano (ADA), and Solana (SOL) exhibited more impressive rallies. XRP surged by over 22% to peak at $2.9, SOL jumped by 12% to $160, and ADA skyrocketed by over 50% to reach $1.
This significant rise has left investors wondering about how high these assets, especially XRP, can rise once the reserve is finally implemented. Over the weekend, some experts did their projections and arrived at impressive figures.
XRP Could Hit $20-$66
Egrag Crypto, a prominent analyst in the crypto community, gave a detailed outline for XRP, projecting a $20-$66 price surge using the Elliot Wave analysis. He noted in his comprehensive analysis shared on his X (formerly Twitter) account, that his projections are purely based on mathematical principles and not mere hype.
Egrag Crypto breaks down this analysis in five waves as seen below.
Wave 1: Establishing the Trend
Egrag Crypto identifies Wave 1 as the starting point for XRP’s price cycle, leading to a 510% increase. This surge sets the baseline for forecasting future price movements.
Wave 2: Correction & Bear Trap
Currently, Wave 2 is forming as an expanded flat correction, where XRP’s price briefly surges between $3.7 and $3.9 before falling below $1.77. This phase may trigger a bear trap, causing weak hands to exit before the next uptrend.
Wave 3: The Most Bullish Phase
Wave 3 is historically the strongest in Elliott Wave Theory and is projected to be 1.618 times the length of Wave 1. With Wave 1 yielding a 510% gain, Wave 3 could drive XRP’s price up 800%–1000%, reaching $17–$20. This phase often sees massive buying interest and trading volume.
Source: Egrag Crypto/X
Wave 4: Consolidation & Retracement
Following the explosive growth of Wave 3, Wave 4 will likely bring a 14.6%–38.2% retracement, temporarily settling XRP’s price between $6 and $7. This phase is marked by reduced volume and sideways price movement, testing investor patience.
Wave 5: The Final Bullish Surge
Wave 5 marks the last major rally in the cycle, though it lacks the momentum of Wave 3. Despite this, XRP is expected to achieve new highs, fueled by bullish sentiment and retail investor enthusiasm.
Ultimately, Egrag Crypto provided multiple price targets based on the Elliott Wave Theory:
- $20–$29, based on inverse Fibonacci extensions.
- $44, if Wave 5 mirrors Wave 1’s 510% gain.
- $66, calculated as 61.8% of Wave 1 + Wave 3 combined.
Egrag Crypto’s XRP price prediction reinforces the bullish outlook observed by several other crypto experts. While predictions are not entirely definite, they represent a likelihood of an occurrence backed by strong technical fundamentals and a broader economic outlook.
As the news about the U.S. inclusion of XRP in a strategic reserve continues to unfold, investors will closely monitor the market to see how events play out with hopes for the possibility of predictions like this coming through.
