A crypto analyst recently made waves in the industry by predicting a substantial rally for XRP, the native token of the XRP Ledger (XRPL). This analyst, known as Tylie Eric, expressed great optimism about XRP’s potential to reach new all-time highs in a post on X (formerly Twitter) in June. He shared a price chart that depicted XRP’s price movements from 2014 to 2025, indicating that the cryptocurrency has met all the necessary criteria to support a potential bull rally. According to Eric, XRP is ready to continue with “wave 3 and wave 5” of the Elliott Wave Theory, a tool used to determine price movements in cryptocurrency.
Eric pointed out that XRP is currently displaying similar patterns and conditions to those seen during its bull rally in 2017, which led to a surge to new all-time highs of $3.84 in 2018. Based on these patterns, Eric projected a substantial price increase for XRP, with a target of $36.36 by the end of 2024. This would require a significant 7,637.22% surge in the price of XRP. Despite the recent downward trend in XRP’s price, Eric remains a staunch supporter of the cryptocurrency and continues to make bullish predictions for its future.
As of the latest update, XRP is trading at $0.45, reflecting a 4.12% decrease in the past 24 hours and an 11.71% drop over the past month. The cryptocurrency has been experiencing steep declines since the beginning of June, with its price dropping from above $0.5 to its current level. This downward trend has been attributed to market volatility and Ripple’s legal battle with the SEC. Despite these challenges, XRP continues to draw bullish sentiment from crypto analysts.
Another crypto analyst, identified as ‘Egrag Crypto’, also made predictions about XRP’s price potential. He suggested that XRP could be approaching the Fib 1.618 level, which could signal possible areas for a price reversal or continuation. Egrag Crypto shared a price chart showing XRP’s price actions from 2014 to 2024 and emphasized the possibility of XRP reaching a price surge to $27 if history repeats itself.
Both Tylie Eric and Egrag Crypto have made bold predictions about XRP’s future price movements, pointing to potential rallies and significant price increases. Despite the current challenges faced by XRP, including legal battles and market volatility, these analysts remain optimistic about the cryptocurrency’s prospects. Investors and traders in the crypto space will be closely watching XRP’s price movements in the coming months to see if these predictions come to fruition.
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