XRP to $33: Analyst Links 1,000% Surge to Ethereum Reaching $33,000

Crypto analyst EGRAG has issued a bold forecast, predicting that XRP could surge to $33 if Ethereum (ETH) reaches a price of $33,000 in the next major rally. This $33 target for XRP would require a massive 1,000% increase from its current level, implying that the altcoin would significantly outperform Ethereum in percentage gains in this scenario.

📈 The Rationale: Overshoot and Momentum

EGRAG’s prediction relies on long-term technical patterns and the momentum spillover effect between the two largest altcoins.

1. The Ethereum $33,000 Projection

The analyst derived the ambitious Ethereum target by studying its historical price movements: Measured Breakout Target: Based on the current descending broadening wedge pattern, the technical measured move for ETH is around $12,000.Historical Overshoot: EGRAG noted that in ETH's previous two major bullish formations (a bull flag and a rectangle continuation pattern), the price overshot the standard measured targets by an average of 163%.Final Projection: Applying this historical overshoot average to the $12,000 target results in a final price projection of $33,000 for Ethereum. Reaching this level would require a 637% surge and would give ETH a market capitalization of approximately $4 trillion.

2. The XRP $33 Target

While the analysis did not provide new technical foundations specifically linking the ETH price to the XRP price, EGRAG declared that if Ethereum hits $33,000, "XRP WILL DO IT TO $33," labeling the move a "written code." Previous technical analyses by EGRAG, however, have supported this range: Fibonacci Extensions: Using the 2018 high and 2020 low, the 1.618 Fibonacci extension level projects an XRP price of approximately $31, aligning closely with the $33 prediction.Contracting Triangle: Measuring the height of a massive contracting triangle on XRP's long-term chart also yields a price target in the $31 to $33 range. Reaching a price of $33 would give XRP a market capitalization of approximately $2 trillion.

🤝 Correlation to Other XRP Price Scenarios

Other analysts are also drawing parallels between Ethereum's expected performance and XRP's potential: Another prominent XRP analyst, Cryptoinsightuk, suggested that if Ethereum were to reach a more extreme price of $62,000 (as predicted by Fundstrat's Tom Lee), XRP could surge to as high as $50. The consensus in these analyses is that if the overall altcoin market, led by Ethereum, experiences a massive influx of capital and regulatory clarity, XRP is structurally positioned to follow and potentially outperform due to its own long-term technical patterns.

🔐 Disclaimer

This article is a summary of market analysis and commentary, focusing on highly speculative price predictions based on technical analysis and historical correlation. The cryptocurrency market is volatile and high-risk. Always conduct your own thorough research (DYOR) and consult with a professional financial advisor.