XRP Price Could Hit $60 or More: Analyst's Triangle Pattern Reveals Possible Targets

XRP price predictions have been made by EGRAG Crypto, a popular market analyst. According to his analysis, the 'big yellow triangle' on the 2-week chart could send the price of XRP to levels ranging from $6.5 to $60 if history repeats.

Historical XRP rallies show that whenever the asset respected the lower boundary of this large triangle and entered an expansion phase, it delivered massive gains. EGRAG Crypto presented three major historical reference points around this yellow triangle: a gain of 8,000% during the first market cycle, a rise of approximately 1,900% in the following cycle, and a more conservative projection of about 909% for the current cycle.

The highest target comes from XRP's earliest major rally within the larger triangle structure. If XRP repeats a similar move from the lower end of the current triangle, the price could reach around $60. However, EGRAG clarified that this is not his main expectation, and it actually represents the most aggressive outcome with the lowest probability.

The second scenario comes from XRP's performance during the previous market cycle, where it recorded a gain of roughly 1,900% after moving from the lower section of the triangle structure. Applying a similar percentage increase from the projected pinkish-line base on the current chart results in a target near $13.

EGRAG says that this scenario appears more realistic because the crypto market has become more mature than it was during XRP's earlier years. A move to $13 would be less dramatic than the 8,000% rally but still represent an impressive increase.