Despite ongoing short-term bearish pressure crypto analyst EGRAG argues that XRP’s long-term projection toward $42 is grounded in historical structure rather than speculation. His outlook is based on recurring macro formations visible on XRP’s monthly chart since 2014.
According to EGRAG’s analysis, XRP has completed three major macro formations and is currently developing a fourth. Historically, each cycle has followed a definite pattern of compression, breakout, expansion, and eventual reset.
The first macro cycle, identified as the pink formation, started in late 2014. During this phase, XRP rebounded sharply from approximately $0.0046 in October 2014 to around $0.028 by December.
The asset then entered a consolidation between the range of $0.006 and $0.009 until early 2017.
The second cycle, known as the blue formation, started in March 2017. XRP rallied to around $0.40 during May 2017 before it started another period of consolidation. The structure ended in November 2017, which created conditions for subsequent major developments.
The third macro formation in yellow unfolded between late 2017 and mid-2020. XRP reached its all-time high of $3.31 in January 2018 before entering a sustained downtrend that eventually bottomed near $0.169 in June 2020. This marked the completion of the third structural cycle.
The white formation cycle that currently exists started its first phase in June 2020. XRP initially rallied to a reaching $1.96 in April 2024 before it dropped to $0.50, and then it rallied again to reach near its all-time high at $3.65 in July 2025.
XRP saw a significant development when it broke above its long-term descending trendline in November 2024.
The asset currently tests its breakout area, following the same pattern as its earlier cycles that happened before major rallies.
EGRAG explains that the $42 projection is based on measured move calculations derived from the proportional expansions of prior cycles.
If the current structure follows similar expansion metrics, the projected target aligns near that level. He clarifies that this is not a guarantee but a structural probability from historical repetition.
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According to EGRAG, either the broader bullish structure has failed, signaling that the market will enter a deeper bear phase, or XRP is moving into a new expansion period while its major market structure remains unchanged.
At present, he leans toward the latter, maintaining that the structural roadmap remains intact unless invalidated by a breakdown below key long-term levels.