Crypto fans, listen up! XRP’s price is on the move, jumping over 5% today and flirting with the $2.50 mark. While its daily trading volume has dipped 25% to $9.5 billion, XRP is showing resilience. Remember that rollercoaster it’s been on lately, even dipping below $2? Well, despite that recent volatility, a well-known analyst has just dropped a bombshell prediction: they believe XRP could skyrocket to a staggering $222, pointing to historical patterns as their guide.

XRP Price Eyes Major Rally Ahead

Get this – popular crypto analyst EGRAG CRYPTO is making waves with his latest XRP outlook. He believes XRP is diving into what he calls a “Kangaroo Phase” – picture a market that’s bouncy and energetic, with ups and downs, but ultimately trending upwards! According to his analysis, Ripple’s XRP is showing strength by holding firm above crucial support levels and building momentum above Fibonacci retracement levels. To him, these are clear signals pointing towards a potential breakout.

This expert points to XRP’s last big run-up in 2017. He explains that rally followed a Fibonacci extension pattern, hitting the 1.618 level before taking off on another parabolic surge. If history decides to rhyme, XRP’s price could initially target between $8.50 and $13, followed by a leap to around $27. But brace yourselves, he argues that a longer-term Fibonacci extension play could launch XRP all the way to an unbelievable $222!

For anyone scratching their heads about market cap, the analyst has a clear message. He stated that market cap isn’t really relevant for assets like XRP that are driven by real-world utility. He’s essentially dismissing any concerns from skeptics who doubt such ambitious price targets based on market cap limitations.

Trump’s Endorsement Fuels Optimism

Adding even more excitement to the mix, market vibes got a jolt of energy from an unexpected corner. President Donald Trump has reportedly announced plans to include XRP on the US Strategic Reserve list. This surprising move would place XRP right alongside other major digital assets, potentially paving the way for wider institutional adoption and boosting its long-term value.

Trump’s generally pro-crypto stance is already having an impact on market movements, with investors watching closely for any regulatory shifts. Should his administration follow through with this XRP inclusion, Ripple’s native crypto could see even more gains, strengthening those already bullish predictions.

XRP Lawsuit Nears Resolution, Adding Bullish Momentum

Another big factor that could be pushing XRP’s price higher is the growing anticipation that the long-running SEC lawsuit is nearing its end. A legal expert recently dropped hints that the Ripple Vs SEC case could wrap up as soon as March, injecting fresh optimism into the trader community.

On top of that, the US SEC has been dismissing a wave of crypto lawsuits recently, which has generally lifted market sentiment. With this backdrop, a resolution in the lengthy legal battle could really give XRP’s price a significant push in the days ahead.

Will XRP Follow 2017’s Price Explosion?

Looking at historical patterns, current market support, and these evolving regulatory developments, the path ahead for XRP’s price looks quite promising. While a $222 target might sound like a dream, past market cycles do show us that explosive rallies are definitely within the realm of possibility in crypto.

Furthermore, a recent report suggests that Ripple’s XRP is gearing up to potentially hit $30 by May 2025, further igniting market optimism. However, even with all these positive forecasts swirling around, it’s crucial for investors to remember to do their homework and be cautious, especially given the ever-present volatility in the crypto market.