Analyst: XRP’s 375% Road To $17 Price Starts Here

Egrag, the popular French crypto chartist, just published a new XRP price analysis, drawing attention to a few crucial thresholds. With XRP’s price now closely approaching the same liquidity pockets it bounced off in August, 2026, bulls are now monitoring the $1.25 resistance line.

This one is particularly important for XRP’s bulls. A daily close above it would gather fresh buyer strength, the expert argues. Long-term believers have demonstrated a high interest in acquiring XRP tokens around the $1.25 level, trending in a descending price channel, pictured in yellow in the chart below.

On the other hand, the French crypto analyst notes there’s still likelihood of one final downwards wick, taking XRP’s price to retest the $1.01 - $1.07 major demand bubble. The same type of structure appeared during the 2024 - 2025 bull rally. XRP bounced off from a similar formation between $0.43 to $0.77.

It spiked 375% to reach $2.89, then backtracked towards $1.16, delivering the same descending channel. In case XRP’s price would sustain above $1.25, there’s no strong resistance to $1.65, judging from the projected descending channel’s boundaries. If that clears, XRP’s next target is $ 2.10 with a clear path to $3.69.

“$17.60 remains my speculative long-term measured-move target if the historical fractal repeats!”, - loudly noted Egrag, floating a price target that would multiply the current XRP all-time high (ATH) of $3.65 by nearly five times. The only way this theory is jeopardized if the OG altcoin manages to fall below $1.

He takes a more cautious approach to leveraged trading. Rather than entering a leveraged long position immediately, Egrag is waiting for bullish confirmation at the $1.25 range. Other Futures market participants are following a different trend: many XRP bulls have jumped to conclusions about a local bottom and got liquidated.

Judging from the 24-hour stats from CoinGlass, a mouth-dropping $38.8 million out of $40.24 million in liquidations were longs. The excessive-leverage flush-out has shifted the long versus short ratio towards the bearish side too. The short-sellers are outnumbering XRP’s bulls at 0.89. The overall volume spiked by 193% to $3.90 billion.

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