Recently, prominent analyst EGRAG Crypto presented a technical analysis indicating the potential for significant price growth for XRP in the near future.
The Role of the 21-Week EMA in Past XRP Rallies
EGRAG emphasizes that XRP's price behavior during the 2020–2021 market cycle parallels current conditions. In early 2020, the token dropped below the 21-week EMA, hitting a low of approximately $0.1140 in March. For 19 consecutive weeks, the EMA acted as a major resistance level.
This resistance was finally broken in July 2020, leading to a strong rally that saw XRP climb to $0.79 by November, representing a 590% increase from the cycle low. However, the asset faced resistance again at that peak and entered a multi-week consolidation phase.
Current Market Structure Mirrors Previous Cycle
According to EGRAG, XRP is again showing behavior similar to what was observed in the 2020–2021 period. The token broke above the 21-week EMA in November 2024, following a market-wide uptrend driven by broader macro events. From a base of $0.50, XRP surged to $3.40, reflecting a gain of 580%.
A corrective phase followed in February 2025, placing XRP in a consolidation zone where it has frequently tested the 21-week EMA as support, mirroring the pattern seen in late 2020.
Market Sentiment and Timing Considerations
At the time of reporting, XRP is trading at approximately $2.13, showing a weekly gain of 5.42% after recovering from recent price volatility. EGRAG cautioned against attempts to precisely predict timing, stressing the importance of understanding broader market trends and technical signals. His prediction of a potential XRP rally to $17.5 is based on analyzing previous rallies in relation to the asset's behavior around the 21-week EMA.
EGRAG Crypto's analysis presents a technically grounded case for a possible XRP rally to $17.5 based on well-established patterns and historical market behavior. While price movements in crypto markets remain highly unpredictable, the consistency between past and present structures adds weight to the possibility of significant upward momentum for XRP in the coming months.
