Analyst Egrag Crypto thinks XRP could hit $10 this cycle, and he’s got reasons to back it up. He shared on X (formerly Twitter) that XRP only needs to rise about 2.94 times from its current price to get there.
Right now, XRP is trading for $2.25, but the trading volume has slowed down over the last 24 hours with a 17% drop to $5.56 billion. This is after it lost 12% over the last 7 days, leaving traders and investors unsure of where the market will go next.
Egrag pointed to past crypto bull runs, where Bitcoin jumped 21 times and Ethereum shot up 58 times. If those two could do it, why not XRP?
He also mentioned that XRP has already done the heavy lifting. It climbed from $0.28 to around $3.40 in the last two years. According to him, “the hardest part is over”, and only a 3x to 4x jump is needed to reach the $10 target.
Egrag mentioned some factors that can fuel this rally. First, there are 17 XRP exchange-traded funds (ETFs) reportedly signed and waiting on approval. Then, there’s hope for regulatory clarity, especially with the SEC vs. Ripple case nearing a resolution. If that happens, it could clear the way for big investors to jump in.
Egrag Crypto also pointed out XRP’s expanding real-world use. He believes its market cap could hit $500 billion to $700 billion, which he says is “completely reasonable in this environment.” As more industries start using blockchain and crypto, he expects XRP to gain more value and adoption.
But he didn’t stop at $10. He also talked about how XRP could reach $100 in the next cycle. He laid out three scenarios. If XRP peaks at just $3.40 this time, it would need a 30x increase next cycle to hit $100. If it reaches $10–$20, it would only need a 5x to 10x move. And if it manages to hit $27–$33, it would just take a 3x to 4x increase to get to that triple-digit mark.
He also pointed out that crypto adoption is still at only 1.5% of its potential. He believes it will eventually absorb trillions from industries like finance, healthcare, and insurance.
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