In a recent chart analysis, crypto analyst Egrag has suggested that XRP might be on the verge of a significant price breakout similar to its previous cycle peaks. Looking back at data from late 2013 through 2025, Egrag highlights several instances where XRP experienced a prolonged bear market before experiencing a substantial rally. Two notable examples include the 2017 surge, where XRP surged over 2,700% from its pre-rally levels, and the 2021 rally, which saw the asset climb by more than 1,000%.
Egrag’s analysis revolves around the interplay between the 21-week Exponential Moving Average (EMA) and the 33-week Simple Moving Average (MA). The chart shows these moving averages crossing during bearish cycles and then curving upward, indicating a potential bottom formation.
Historically, XRP’s bullish phases typically began after reclaiming the 21 EMA and the 33 MA, with a recurring 777-day (and in one instance, 770-day) window before these bullish crosses as a significant time cycle. Egrag emphasizes the importance of historical data in making future predictions, acknowledging that while patterns may not repeat exactly, they provide valuable insights for potential price movements.
The chart suggests that XRP has already exhibited some patterns seen in previous cycles, leading Egrag to propose two potential price targets if the token undergoes another blow-off top scenario. He speculates that XRP could rally as much as 2,700%, reaching around $45, or a more conservative 1,050%, nearing $20. By referencing past cycles, Egrag illustrates how XRP found support at the 21 EMA before its final bullish phase in 2017 and rallied after breaking above the 21 EMA and 33 MA in 2021.
Egrag underscores the significance of using both indicators to understand price action better, noting that market makers also rely on these moving averages to identify support and resistance levels. While these signals are lagging indicators, they can confirm shifts in market sentiment from bearish to bullish.
While Egrag’s long-standing target for XRP has been $27, he cautions that nothing is guaranteed in the market, which is influenced by human reactions and behaviors. He advises strategizing selling or implementing Dollar-Sell-Average (DCA) to manage risk effectively.
As of the latest data, XRP is trading at $2.00. Egrag’s insights and predictions offer a perspective on the potential future price movements of XRP based on historical patterns and technical analysis.
Image source: XRP price analysis, 2-week chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com.