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Top Analyst Predicts $37 XRP, But There’s a Catch
Market analyst EGRAG Crypto has shared a new technical perspective on XRP, suggesting the asset could reach significantly higher prices if it approaches a long-standing resistance level he refers to as the “Chasm line”. His latest update follows XRP’s recent attempts to stabilize above the $3 mark, a key psychological and technical region.
Last month, XRP reached a yearly high of $3.66 but later declined to $2.70, failing to maintain momentum. Currently, the asset is attempting to recover and re-establish support above $3. In this context, EGRAG’s historical trend analysis offers valuable insights into potential long-term trends.
The Chasm line – A Recurring Barrier
According to EGRAG, the Chasm line is an upward-sloping resistance trendline on XRP’s monthly chart that has historically restricted its price growth. The line has served as a critical point of resistance in multiple market cycles, with XRP reacting strongly each time it approached this level.
During the 2017-2018 cycle (referred to as Cycle 1), XRP reached a local peak of $0.3988 by May 2017, which coincided with the Chasm line. This resulted in a sharp correction followed by a six-month consolidation period. Eventually, XRP regained momentum, broke above the Chasm line and surged by approximately 2,000%, reaching an all-time high of $3.31 in January 2028.
In the subsequent 2020-2021 cycle (Cycle 2), XRP again approached the Chasm trendline, peaking at $1.96 in April 2025. Although this represented a 420% increase from earlier lows, XRP attempted to breach the resistance line but failed, leading to an immediate decline shortly after.
Current Cycle and Price Projections
Now, in what EGRAG refers to as Cycle 3, XRP is positioned for another potential retest of the Chasm line. The analyst outlines two possible scenarios based on historical price behavior.
In a conservative outcome, XRP could repeat the 2021 pattern by only reaching the Chasm line without breaching it. This would represent a 420% gain from its recent price levels, resulting in a projected peak of $11.
Alternatively, XRP could mirror its 2017 breakout by not only reaching but surpassing the Chasm line. If it were to follow a similar 2,000% price rally, EGRAG estimates a potential price of approximately $37 per token.
While market participants remain optimistic about XRP’s future prospects, they are urged to exercise caution and carefully consider these possible outcomes in their investment decisions.
Source: timestabloid.com
