XRP Price Outlook: $22 Target in Sight or Cycle Top Already Reached?
XRP Price Prediction – A prominent market analyst, EGRAG Crypto, has sparked debate in the XRP community by predicting that the token could rally by 674%, potentially reaching a price of $22 if it has not already topped out in this cycle.
Currently trading at $2.84, XRP has rebounded by 5.57% since hitting a floor of $2.69 on September 1, following a sharp decline from its $3.66 peak in July. The analyst argues that if XRP is unable to climb toward his ambitious $22 target, then the July high of $3.66 would mark the top of this cycle.
Historical Patterns and Cycle Analysis
EGRAG shared a chart mapping out XRP’s historical price cycles, which he uses as the basis for his projection. In December 2013, XRP peaked at $0.0614 in Cycle 1, while in January 2018, Cycle 2 saw a high of $3.31.
In the current bull run, XRP hit $3.66 in July, but EGRAG points out that this level remains far below the top curve on his chart. According to his model, the top curve aligns with a price near $22, leaving room for another major rally before a true cycle peak is reached.
Could $3.66 Be the Final Peak?
While EGRAG’s analysis suggests further upside, he acknowledges another scenario: XRP may have already topped at $3.66, similar to how it fell short of the projected top during the 2021 bull run.
Other analysts, however, remain more optimistic. For instance, a trader known as Batman recently argued that XRP is poised for another push higher after finding support around $2.70.
As the debate intensifies, XRP’s future remains uncertain — but all eyes are on whether the token can sustain momentum and approach the ambitious $22 target.
