Analyst to XRP Holders: Stay Steady, Current Rally Is Shooting for $20

Key Points

1. Egrag Crypto references XRP's 2017 surge of over 2,700% (from under a cent to above $3.30) and its 2021 rally of around 1,000% (to $1.90) as historical benchmarks.

2. By averaging the peak potentials of the 2017 and 2021 cycles, Egrag projects a possible $20 price target for XRP in the current rally.

3. XRP is currently trading at $3.53, with technical indicators like Bollinger Bands signaling bullish momentum.

4. A $20 price would require a 470% increase from current levels, surpassing all prior all-time highs, which some analysts view as optimistic (other forecasts place 2025 targets between $4-$7).

5. Egrag emphasizes cautious optimism, noting that past performance does not guarantee future results and advising investors to conduct thorough research.