The cryptocurrency world is buzzing with speculation: could XRP reach $110 in the near future? While such a target may sound ambitious, it’s gaining traction among analysts and technical experts. Notably, John Bollinger — the creator of the widely used Bollinger Bands indicator — has publicly acknowledged XRP’s resilience and potential to become a market leader in the digital asset space. Meanwhile, a detailed technical analysis by market expert Egrag Crypto suggests that XRP could be on the verge of a parabolic rally, driven by its Elliott Wave structure.
This article explores the bullish case for XRP, examines key technical patterns, and unpacks why industry veterans believe this altcoin might outperform others despite ongoing regulatory scrutiny.
Elliott Wave Analysis: A Path to $110?
One of the most compelling arguments for XRP’s price surge comes from Egrag Crypto, a well-known market analyst who recently shared an in-depth Elliott Wave analysis on social media. According to this framework, financial assets move in predictable wave patterns — five upward waves followed by three corrective ones.
Egrag Crypto identifies XRP as currently being in Wave 2 of a larger bullish cycle, with Wave 3 expected to unleash massive momentum.
Wave 1: A Historic Surge
In Wave 1, XRP delivered an impressive 733% increase, reflecting strong early accumulation and investor confidence. This phase laid the foundation for further gains and demonstrated XRP’s ability to capture market attention during bull runs.
Wave 2: Consolidation Before the Storm
Currently, XRP is navigating Wave 2 — a corrective phase characterized by consolidation and volatility. Egrag notes that the current fractal pattern resembles the 2017 market structure, which eventually led to explosive growth. A Double Bottom formation has emerged, often signaling a reversal after prolonged selling pressure.
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While some fear a breakdown, the analyst views this as a healthy pullback — setting the stage for the next major leg up.
Wave 3: The Parabolic Move Begins
Wave 3 is historically the most powerful leg in any Elliott Wave cycle. Egrag forecasts a staggering 1,185% price surge during this phase. If realized, this would push XRP into the $22–$24 range, marking a dramatic shift from its current price around $2.40.
Such a move would not only break previous resistance levels but also re-establish XRP as a top contender in the altcoin market.
Wave 4: Expected Retracement
After such a strong rally, a correction is inevitable. Egrag predicts Wave 4 will see XRP retrace between 14.6% and 38.2% of its Wave 3 gains. In a more severe scenario, the drop could reach 65%, bringing the price down to around $8** — or even lower in a bearish case to **$3.40.
However, corrections like these are typical in strong bull markets and often present strategic entry points for long-term investors.
Wave 5: Final Ascent Toward $110?
The final phase — Wave 5 — could deliver the most dramatic results. Based on historical cycles and momentum patterns, Egrag outlines three potential bullish targets:
- Conservative: $32–$48
- Moderate: $60–$70
- Aggressive: $95–$110
The $110 target represents a nearly 3,974% increase from today’s price — a bold prediction, yet one grounded in past performance during the 2017 bull run when XRP surged over 35,000%.
Why Bollinger Believes in XRP’s Leadership Potential
Beyond Elliott Wave theory, validation from respected figures adds credibility to XRP’s bullish narrative. John Bollinger, the mind behind one of the most widely used technical tools in trading, recently highlighted XRP as a potential market leader.
He noted that Ripple — the company behind XRP — has shown exceptional resilience compared to other major cryptocurrencies, especially considering its prolonged legal battle with the U.S. Securities and Exchange Commission (SEC).
Despite uncertainty, Ripple has continued to expand its global payment network, partner with financial institutions, and advocate for clearer crypto regulations. This operational strength sets it apart from many digital assets that rely solely on speculation.
Bollinger emphasized that assets demonstrating real-world utility and sustained development during bear markets often emerge as leaders in the next phase of adoption.
Market Sentiment and Recent Price Action
As of now, XRP is trading around $2.40, showing signs of renewed momentum with a nearly 4% gain over the past 24 hours (data via CoinMarketCap). This uptick coincides with growing optimism surrounding the final stages of Ripple’s lawsuit with the SEC.
Market participants are closely watching for regulatory clarity, which could serve as a major catalyst. A favorable ruling could unlock institutional interest and reignite large-scale investment in XRP.
Moreover, increasing adoption of RippleNet by banks and cross-border payment providers reinforces XRP’s use case as a fast, low-cost settlement solution — a fundamental advantage over many speculative altcoins.
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These terms reflect what investors and traders are actively searching for — combining technical insight, price forecasts, and regulatory developments.
Frequently Asked Questions (FAQ)
What is the $110 XRP price target based on?
The $110 target stems from Elliott Wave analysis conducted by Egrag Crypto. It extrapolates historical price patterns, particularly from the 2017 bull cycle, and applies them to current market structure. While highly optimistic, it assumes full completion of all five waves with strong momentum in Waves 3 and 5.
Is John Bollinger bullish on XRP?
John Bollinger hasn't issued a formal price forecast, but he has acknowledged XRP's relative strength and Ripple’s resilience amid regulatory challenges. He suggested XRP could emerge as a market leader due to its underlying fundamentals and sustained performance.
How reliable is Elliott Wave analysis for crypto?
Elliott Wave theory works best in trending markets and has been successfully applied to both traditional and crypto markets. However, it requires subjective interpretation and should be used alongside other indicators like volume, RSI, and moving averages for confirmation.
Could the SEC lawsuit impact XRP’s price?
Yes. The outcome of Ripple’s legal battle with the SEC is a critical catalyst. A favorable ruling could legitimize XRP as a non-security, opening doors for broader exchange listings and institutional adoption — potentially fueling a significant rally.
What happens if XRP doesn’t reach $110?
Even if XRP falls short of $110, achieving earlier targets like $24 or $48 would still represent substantial gains. Market cycles evolve dynamically, and revised targets can emerge based on new data and macroeconomic conditions.
When could XRP hit these price levels?
Timing remains uncertain. If Wave 3 begins soon, major moves could unfold within 6–18 months depending on overall market sentiment, Bitcoin’s trajectory, and macroeconomic factors like interest rates and inflation.
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Final Thoughts: A High-Reward Opportunity?
While reaching $110 is far from guaranteed, the convergence of technical patterns, expert commentary, and improving fundamentals paints a compelling picture for XRP. Its journey through regulatory adversity has tested its staying power — and so far, it has held strong.
For investors seeking assets with both speculative upside and real-world utility, XRP remains one of the most watched cryptocurrencies in 2025.
Whether it becomes a true market leader will depend on adoption growth, legal clarity, and its ability to capitalize on the next bull cycle — but the foundation appears to be forming.