3 days ago
12
TLDR
- Crypto analyst EGRAG predicts XRP market cap could reach up to $1.5 trillion based on “W” formation pattern
- XRP price could potentially hit $25.56 if market cap reaches $1.5 trillion target
- Currently trading around $2.3 with a market cap of $135.3 billion
- Technical indicators show XRP facing resistance at $2.36 level
- Price might decline further if it breaks below the $2.28 support level
XRP (XRP) is showing mixed signals as technical analysts provide contrasting views on its price trajectory. The fifth-largest cryptocurrency by market capitalization has been experiencing volatility in recent trading sessions, with both bullish long-term projections and bearish short-term indicators.
Crypto analyst EGRAG has identified what he describes as a “W” formation in XRP’s market cap chart on the 2-month timeframe. This pattern, often considered a double-bottom structure, typically signals a shift from bearish to bullish momentum in the market.
#XRP – Market Cap and The Math Behind It 🔢💸:
🟣As you know, I’m not a big fan of using Market Cap (MC) as a primary indicator in crypto — it often provides false indication and misleads beginners into thinking it’s the actual liquidity or value of a coin. 🚫📊
🟣That said, I… pic.twitter.com/Mbk56kj9O0
— EGRAG CRYPTO (@egragcrypto) May 27, 2025
According to EGRAG’s analysis, the first part of this formation took shape when XRP’s market cap dropped from $128 billion in January 2018 to $5 billion in March 2020, before rebounding to $89 billion in April 2021. The second part of the “W” formed when the market cap fell from $89 billion to $13.88 billion by June 2022, then climbed again to $195 billion in January 2025.
With the pattern now fully formed, EGRAG believes XRP’s market cap needs only to break above the neckline to potentially trigger massive growth.
Price Targets Based on Market Cap
EGRAG has outlined several price targets for XRP based on different market cap projections. Using both logarithmic and non-logarithmic scales, he sees potential market cap values ranging from $270 billion to as high as $1.5 trillion.
At the lower end of these projections, a $270 billion market cap would put XRP price at approximately $4.60. Moving up the scale, a $450 billion market cap would correspond to a price of $7.66, while a $978 billion cap would push XRP to around $16.65.
The most optimistic scenario presented by EGRAG envisions a market cap of $1.5 trillion, which would value XRP at $25.56 per token. These calculations are based on XRP‘s current circulating supply of 58.68 billion tokens.
Despite these bullish long-term projections, EGRAG cautions investors to remain grounded and take profits when available, warning against becoming too greedy in their expectations.
Current Price Action
While long-term predictions remain optimistic, XRP’s short-term price action shows concerning signals. Currently trading at approximately $2.3, XRP has started a fresh decline after failing to maintain momentum above the $2.38 zone.
The price is now trading below $2.335 and the 100-hourly Simple Moving Average, suggesting bearish pressure in the immediate term. Although there was a break above a bearish trend line with resistance at $2.305 on the hourly chart, the bears appear active near the $2.36 level.
XRP Price on CoinGeckoTechnical indicators paint a cautious picture for XRP in the short term. The MACD for XRP/USD is gaining pace in the bearish zone, while the Relative Strength Index (RSI) has dipped below the 50 level, indicating weakening momentum.
If XRP fails to clear the $2.36 resistance, it could initiate another decline. Initial support sits near $2.28, with the next major support level at $2.26. A break below these levels could push the price toward $2.232 or even $2.20.
On the upside, XRP faces resistance at $2.34, with stronger resistance at $2.372. If bulls manage to push the price above these levels, XRP could target the $2.40 mark, with further potential to reach $2.45 or even $2.50 in the near term.
XRP’s current market cap stands at $135.3 billion, reflecting its position as one of the major cryptocurrencies in the market. Traders are closely watching key support and resistance levels as they assess whether XRP will align with the bullish long-term projections or continue its short-term bearish trend.
English (US) ·