XRP has experienced an impressive rally and is currently showing minor price gains after a volatile trading week in the crypto market.Egrag Crypto, an analyst, is bullish on XRP's short-term and long-term price gains, projecting a potential 800%-1,000% surge in price.XRP is currently in Wave 2 of the Elliott Wave Theory, expected to decline to around $1.77 before a reversal to $3.7-$3.9.After the completion of Wave 2, XRP is anticipated to enter Wave 3, the most explosive phase, potentially resulting in a surge to $17-$20.