Crypto analyst EGRAG believes the XRP market cap is on the cusp of a major breakout that could push its market cap as high as $1.5 trillion. 

In his latest update, he called attention to the reasoning behind this bold prediction. Notably, EGRAG pointed to a technical chart pattern and previous price cycles that suggest XRP might be on the edge of a massive move.

XRP Market Cap Forms W Formation 

Back in November 2023, he identified a “W” formation for the XRP market cap chart on the 2-month timeframe. This pattern, which some regard as a double-bottom structure, often indicates a shift from bearish to bullish momentum. 

Data from EGRAG’s chart shows the first half of the pattern formed when XRP’s market cap dropped from $128 billion in January 2018 to the first bottom of $5 billion in March 2020 and then bounced back up to $89 billion in April 2021. 

Meanwhile, the second leg materialized when the market cap dipped from the $89 billion high to a second bottom of $13.88 billion by June 2022 and then rallied again to $195 billion in January 2025. While EGRAG highlighted the developing pattern in November 2023, it formed fully in January 2025.

Now, with the pattern fully shaped, the XRP market cap just needs to break above the neckline. If it does, the market analyst expects the market cap to soar.

XRP Market Cap Targets Range from $270B to $1.5T

He outlined two main projections for where the market cap could go next, one based on a non-logarithmic scale and another based on a logarithmic view. 

Specifically, the non-log target sits around $270 billion, which lines up with the Fibonacci 1.618 level. However, on the log scale, the picture becomes much more aggressive, with a possible target of $1.5 trillion, nearly $500 billion beyond the 1.618 Fib mark.

Interestingly, EGRAG also takes pointers from historical data. He noted that in the past cycle, the XRP market cap climbed by 242% from the Fib 1.0 level to Fib 1.618. 

Using that same growth, he projects a move from $195 billion to $450 billion and potentially beyond. He even considered a 600% increase based on higher cycle extrapolation, pushing the cap up to $978 billion, and, if momentum builds further, up to $1.5 trillion.

Corresponding XRP Price Targets

EGRAG presented the corresponding price targets Based on XRP’s current circulating supply of 58.68 billion tokens. First, if the market cap hits $270 billion, XRP would trade at around $4.60. 

However, at a $450 billion market cap, the price rises to $7.66. Meanwhile, a jump to $978 billion would push the price to roughly $16.65. Further, if XRP reaches the full $1.5 trillion market cap, its price could hit $25.56.

Notably, while EGRAG confirmed that he doesn’t rely heavily on market cap as a primary indicator, since it can mislead new investors by giving the wrong impression about real liquidity or value, he still sees value in using it to identify potential price targets.

He also reminded investors to stay grounded. Even with these exciting projections, he advised market participants to secure profits when they can and avoid falling into the trap of greed. Currently, XRP price changes hands at $2.3, corresponding to a market cap of $135.3 billion.