EGRAG tasks XRP hits $23 utilizing Fibonacci extensions, roughly 15x its present $1.51 worth, mirroring its 2016 chart sample.
The identical 2016 template required 5 straight dropping months earlier than XRP surged 284%, suggesting ache probably precedes any rally.
XRP’s $95 billion market cap means reaching $23 would push its valuation to $1.45 trillion, close to Bitcoin’s present measurement.
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Crypto analyst EGRAG Crypto says XRP (CRYPTO:XRP) is tracing its 2016 chart and has drawn a goal close to $23, about 15 occasions its worth close to $1.51 as of October 5, 2026. His XRP worth prediction leans on what got here subsequent in that cycle, a 284% achieve in March 2017.
Nonetheless, the identical 2016 template opens with a drop. XRP fell 7% in October 2016 and then misplaced floor in every of the subsequent 4 months via February 2017, 5 dropping months in a row earlier than the rally started. So does the $23 name give holders a purpose for hope, or does it ask them to trip out losses first?
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EGRAG Constructed His $23 XRP Goal With a Fibonacci Extension
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EGRAG set the goal with a Fibonacci extension, a chart device that takes an earlier worth swing, multiplies it by fastened ratios from the Fibonacci sequence, and tasks the place the subsequent swing may finish. The device assumes markets repeat the proportions of previous strikes.
He additionally tracks two exponential shifting averages, or EMAs, working averages that give extra weight to current closes. His chart places the 20-month EMA at $1.55 and the 50-week EMA at $1.52, so XRP trades just below each strains. Merchants learn a detailed above these strains as patrons taking again management and a detailed beneath them as a weakening development.
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Each instruments describe the form of previous costs. They miss how a lot XRP will get used for funds and how a lot cash flows into the token, so the $23 stage is a projection drawn from geometry fairly than a declare about worth.
XRP Fell for Five Straight Months Earlier than Its 2017 Rally
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In EGRAG’s template, the 7% drop in October 2016 began a run of 5 pink months that lasted via February 2017. XRP climbed 284% in March 2017 solely after that stretch ended.
October historical past provides to the warning. XRP has fallen in 8 of its 13 Octobers, so a weak month might match each EGRAG’s template and the coin’s regular sample.
So a holder who factors to $23 as excellent news is pointing to a sample that calls for months of losses first, which raises the query of the place XRP might backside forward of any discuss concerning the high.
XRP’s $95 Billion Market Cap Makes a 2016 Repeat Far Tougher
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In 2016, XRP traded for lower than a cent, so modest shopping for might transfer it sharply. Now XRP carries a market cap of about $95 billion throughout 63.1 billion cash in circulation, out of a most provide of 100 billion.
At $23, XRP’s market cap involves about $1.45 trillion, near Bitcoin’s (CRYPTO:BTC) $1.73 trillion. Even a repeat of March 2017’s 284% achieve takes XRP from $1.51 to solely about $5.80, roughly 1 / 4 of EGRAG’s goal.
The market round XRP has modified as properly. U.S. spot XRP ETFs now commerce, treasury corporations similar to Evernorth maintain the token, and the entire crypto market reacts to Federal Reserve selections in methods it didn’t in 2016.
Does EGRAG’s XRP Value Prediction Require a Fall First?
If the 2016 template holds, sure. EGRAG’s personal analogy places 5 dropping months forward of the 284% rally, and the $23 goal relies on that very same sequence repeating. XRP additionally has to clear its July 2025 document of $3.65, about 142% above its present worth, earlier than a stage 15 occasions increased comes into view.
The primary take a look at is the October month-to-month shut. An in depth above $1.55 places XRP again over each of EGRAG’s averages, whereas a detailed beneath it might mirror October 2016, the primary of its 5 pink months. So does this XRP worth prediction begin with a achieve or with 5 extra months of losses?
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