Cryptocurrency analyst EGRAG Crypto has identified potential growth for XRP based on the history of its price movements and technical levels.
Historical Analysis of XRP’s White Circle Pattern
EGRAG identifies the white circle as an important support level that XRP frequently tests after initial bullish breakouts above the 21-week exponential moving average (EMA). This pattern was first noted in the 2017-2018 cycle when XRP surpassed the 21 EMA, leading to a rapid increase to $0.3988. After consolidation, the asset retested this level, resulting in further upward movement. Similar movements were observed during the 2020-2021 market cycle when XRP also recorded significant growth after returning to the white circle.
Current Market Context and Price Targets
EGRAG believes XRP is currently repeating this pattern. After breaking above the 21 EMA in November 2024, it reached a high of $3.40. However, subsequent downward pressure brought the price back to $1.61 in April 2025. The analyst proposes three target price levels: $11.50, $27 (with potential growth of 1227.5%), and $42. These projections are based on technical analysis and historical performance.
Conclusion and Cautions
While EGRAG's forecasts are grounded in historical behavior and technical signals, it is important to consider market volatility and potential external factors. Investors should approach such predictions with caution and conduct their own research.
EGRAG Crypto's predictions for XRP provide numerous potential targets for investors. However, thorough analysis and understanding of risks remain essential for successful investment.
