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XRP experienced a brief rally after the US Securities and Exchange Commission acknowledgedGrayscale’s XRP ETF filing, momentarily causing bullish momentum. Although the surge has since slowed down, it has once again brought the $3 price level into focus.However, technical analysis suggests that XRP remains on track for higher price targets above $3. Related Reading Bitcoin ETFs Get $2 Million Boost From National Bank Of Canada 2 days ago
Building on this outlook, crypto analyst Egrag Crypto has projected that XRP could be heading toward $15 and possibly $17, citing the strength of its current market structure. However, he cautions that while the setup appears promising, a confirmed breakout is essential before these targets can be considered fully in play. XRP Bullish Pennant Points To $15-$17 Target
Crypto analyst Egrag Crypto has built a reputation for making consistently bullish predictionson XRP, even during the prolonged multi-year lackluster phase when the token traded around $0.5. Despite skepticism from other analysts, the analyst remained firm in his long-term outlook and made various ambitious price targets for XRP. Many of these targets have now materializedin the last few months, with XRP climbing to multi-year highs and recently peaking at $3.40.
In his latest analysis,Egrag highlighted that XRP’s price structure is trading within a bullish pennant formation. This bullish pennant formation, as in the name, is expected to result in a significant move upwards after the upper trendline of the pennant is broken. XRP is now trading at $2.75. Chart: TradingView
In terms of a price prediction, the analyst noted that a measured move from the lower end of the pennant translates to a price target of $15. A more aggressive projection, using the pole leg from the top of the pattern, points toward a potential rally to $17.
Image From X:Egrag Crypto $3.40 Level Holds The Key To Price Target Confirmation
While the technical pattern suggests further upside, Egrag stressed that the altcoin must achieve a solid breakout above $3.40 to validate this bullish trajectory. This level acted as a significant resistance zone in January and doubles as XRP’s all-time price high since 2018. A decisive move beyond $0.34 would provide the confirmation needed for further gains.
In addition to highlighting the bullish pennant, Egrag Crypto pointed to a crucial support level represented by a yellow trendline on the XRP price chart above. So far, this line has been respected since the beginning of 2025 and, as such, is a good reference point for assessing XRP’s rally. As long as XRP holds above this support, the bullish case remains intact. However, a break below this trendline could introduce a more bearish scenario. Related Reading XRP To 3 Digits? The ‘Signs’ That Could Confirm It, Basketball Analyst Says 1 day ago
At the time of writing, XRP is trading at $2.74. In another analysis,Egrag noted that the XRP price must achieve a strong close above $2.75 in order to sustain an upward trend and finally break above $3.
Featured image from MoneyCheck, chart from TradingView