Technical Signals and Whale Activity Put XRP in the Spotlight
XRP is back in the spotlight thanks to a bold forecast from market commentator Egrag Crypto, who believes the token could experience a dramatic price surge.
Drawing inspiration from past market cycles, Egrag points to a chart pattern known as a symmetrical triangle—often associated with major breakouts—and speculates that XRP might even reach the $30 mark under the right conditions.
The prediction may sound wild, but it’s not without precedent. During the 2017 bull run, XRP logged a staggering 2,600% increase. Egrag suggests that a retest near the $1.20 level could act as a springboard, provided momentum returns at the edge of the triangle formation. He’s not alone in this belief; others, including analyst Ali Martinez, have previously highlighted similar long-term chart structures, suggesting potential targets as high as $15.
Even so, XRP has struggled to break past key levels in recent months. After trading above $2.50 in March, the price dipped to around $1.65 amid growing uncertainty triggered by fluctuating trade policies. Despite this, the token has recently rebounded, climbing to $1.98 in the past 24 hours—a modest gain that still leaves room for speculation.
In the background, large holders have been quietly accumulating. In just two weeks, whales are said to have acquired over 1 billion XRP, adding an estimated $2 billion worth of tokens to their portfolios, signaling long-term confidence despite macroeconomic headwinds.
Beyond the charts and predictions, XRP is making moves on the utility front. BlocScale Launchpad has kicked off a project to bring real-world assets onto the XRP Ledger, aiming to link traditional markets—like property and commodities—with blockchain infrastructure.
While the triangle formation has sparked excitement among technical traders, it’s important to remember that broader forces, such as geopolitical news or economic shifts, can easily override chart patterns. Whether or not XRP delivers on these lofty expectations, it’s clear that speculation and adoption are both fueling renewed interest in the token.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
