Analyst: If Ethereum Can Reach $33K, XRP Could Hit $33

Crypto analyst Egrag Crypto has drawn parallels between Ethereum (ETH) and XRP, suggesting that the same technical dynamics fueling ETH’s long-term rallies could one day propel XRP toward the $33 mark.

Ethereum’s Overshooting History

Looking at Ethereum’s chart, Egrag highlighted how the asset has consistently overshot its measured technical formations:

1. Bull Flag: ETH surged 145% beyond the projected move.
2. Rectangle Continuation: Another pattern breakout overshot by 181%.
3. Current Setup: ETH is forming a Descending Broadening Wedge, a structure that historically overshoots when compared to previous cycles.
4. Measured Target: Based on average overshoots, Egrag projects a potential long-term ETH price of $33,000, with a conservative near-term target around $12,000.

This pattern of exceeding expectations suggests ETH could outperform traditional models during its next major rally.

Why XRP Could Follow

Egrag then turned to XRP, arguing that similar market psychology could drive its price to unexpected heights. If Ethereum can overshoot measured moves, the same principle could apply to XRP. According to the analyst, the token’s structure sets the stage for a possible breakout toward $33 per coin, a level that would represent one of the most explosive moves in its history.

While XRP has lagged behind other large-cap assets in recent cycles, proponents believe regulatory clarity, institutional adoption, and cross-border utility could fuel a powerful catch-up rally.

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Market Context

Ethereum’s long-term chart has served as a reference point for traders studying overshooting patterns in crypto. If these trends continue, both ETH and XRP could be positioned for outsized moves as liquidity deepens and mainstream adoption grows.

Skeptics, however, caution that such bold targets hinge on broader macro conditions, regulatory frameworks, and whether crypto markets can sustain capital inflows over multiple years.

Outlook

For now, ETH’s trajectory suggests that measured technical patterns may only be the baseline, not the ceiling. If Egrag’s thesis holds, XRP at $33 may not be out of reach, echoing Ethereum’s own history of breaking beyond expectations.