XRP Price Forecast: Analyst Predicts Potential New Highs Above $40 by 2026

The price of XRP has recently shown a modest recovery of 5% within the last 24 hours, successfully regaining the essential support level at $1.40. Nonetheless, it still sits significantly below the record highs it achieved in 2025.

Key Takeaways

XRP's current price recovery has brought it back to the $1.40 support level.
Analyst Egrag Crypto forecasts XRP could rise to $42 by 2026, indicating a potential increase of up to 2,900%.
Historical price cycles demonstrate a pattern of price compression followed by significant rallies for XRP.
Two possible future scenarios have been outlined: one bearish, leading to a deeper market decline, and one bullish, predicting substantial growth.

XRP price

Despite this, technical analyst Egrag Crypto asserts that 2026 could see XRP reaching heights of approximately $42, projecting a potential increase of up to 2,900% from its current price.

Understanding XRP Price Cycles

Egrag details his projections by analyzing four significant formations in the monthly price chart of XRP, each revealing a recurring cyclical nature over the past decade.

These cycles illustrate that XRP typically experiences a phase of concerted price compression before breaking out for a major price increase, ultimately resetting before another cycle starts.

Formation One: The journey began in October 2014, with XRP climbing from $0.0046 to $0.028 by December. Following this boost, the price stabilized in the range of $0.006 to $0.009 for nearly three years until early 2017.
Formation Two: Initiated in March 2017, this phase resulted in XRP breaking past $0.01 and reaching $0.40 by May, yielding remarkable gains exceeding 4,000%.
Formation Three: After consolidating through November 2017, XRP peaked at $3.31 in January 2018 before undergoing a lengthy decline, ultimately settling around $0.17 in June 2020.
Formation Four: Beginning from the low of $0.17 in June 2020, XRP surged to $1.96 by April 2021. After another prolonged consolidation around $0.50, it broke out from a significant descending trendline in November 2024, which had limited its price since 2018. This breakout launched XRP to $3.65 by July 2025. The recent pullback to the $1.30–$1.40 range suggests a retest of that crucial breakout level. If XRP continues on a proportional trajectory similar to past cycles, reaching Egrag’s target of $42 may not be out of reach.

Scenarios to Watch

It is crucial to recognize that Egrag does not view the $42 target as immediate. Instead, he has outlined interim targets that are considerably lower—such as $4.50 if a breakout occurs, with the potential for $10–$13 if the rally continues.

Upon averaging across all four macro scenarios, a plausible XRP price around $11 could suggest a market capitalization of approximately $670 billion for the cryptocurrency.

In conclusion, Egrag presents a cautious angle regarding the $42 prediction, highlighting two potential routes ahead. One could see the bullish pattern falter, pushing XRP further into a bear market. Conversely, he tends to support the belief that the present price decline marks just a retest in a new growth cycle. He insists that this structural integrity must remain for his predictions to hold.

XRP price The daily chart reveals XRP’s steady climb toward current trading levels of $1.42. Source: XRPUSDT on TradingView.com

Featured image from OpenArt, chart from TradingView.com.