Crypto analysts EGRAG CRYPTO and ChartNerdTA have released detailed macro-level technical analyses, outlining a long-term price pathway for XRP based on historical wave structures and Fibonacci extensions. The analyses suggest XRP is in an extended consolidation phase, which historically precedes major directional moves.
EGRAG CRYPTO's analysis identifies a recognizable wave structure, with the first major wave peaking during the 2017 market cycle, followed by a prolonged corrective phase. The current phase is defined by extended consolidation and price compression, which the analyst notes often tests market patience but reduces excessive leverage. The framework suggests this is a normal part of wave development, with near-term weakness not undermining the broader trend.
The analysis presents long-term price targets derived from Fibonacci extensions. An initial conservative target range is set between $8 and $12, based on wave equality measurements. An extended target zone between $17 and $27 is identified if the final expansion wave fully materializes. The analyst emphasizes that movement toward these zones will include volatility and consolidation, requiring structural confirmation and disciplined risk management.
ChartNerdTA's analysis draws structural parallels between XRP's current consolidation and its pre-2017 phase, framing a potential journey toward $27 as a test of emotional endurance for holders. The analyst highlights an ABC corrective pattern marked by repeated retracements and recoveries without a breakdown of long-term support. The $27 figure is presented as an illustration of potential scale based on historical percentage expansion, not a guaranteed short-term forecast.
Both analyses stress that XRP has historically moved later than other large-cap assets, contributing to skepticism during consolidation. They conclude that the current phase is one of structural development, with volatility being a central and expected component of the long-term process.
