Analyst Egrag Crypto has introduced a new chart that rekindles bullish sentiments within the XRP community, indicating potential growth for this cryptocurrency.
The Chasm Chart: Mapping XRP’s Cyclic Growth
Egrag’s chart reveals a historical pattern linked to XRP’s macro market cycles, suggesting that this digital asset could be on the brink of an explosive rally, potentially first touching $11 before exceeding $37 in the current bull cycle.
XRP’s price history is divided into three major cycles, each characterized by a period of accumulation followed by parabolic surges: Cycle 1 (2017), Cycle 2 (2021), and the ongoing Cycle 3 (2025). Each cycle began after XRP decisively crossed above the 21-month exponential moving average (EMA).
Target Zones: From Chasm to Price Discovery
The Chasm level now sits in the $11 to $13 range, which Egrag believes XRP is poised to test next. If XRP successfully clears this resistance, Egrag projects a potential price surge toward $37, echoing previous cycles’ parabolic extensions.
These projections are based on logarithmic growth trends and macro wave theory, adding credibility to Egrag’s forecasts.
Broader Catalysts Supporting XRP’s Outlook
XRP’s strong fundamentals bolster this bullish scenario. The token recently surpassed its previous all-time high of $3.40, officially entering price discovery. This progress occurs alongside the impending resolution of Ripple’s legal battle with the SEC.
The Ripple ecosystem has expanded significantly, marked by the launch of its RLUSD stablecoin, increased adoption of cross-border payment systems, and growing relationships with central banks and financial institutions.
Egrag Crypto’s Chasm Chart provides a clear data-driven roadmap for XRP’s current market position. As Cycle 3 unfolds, the chart suggests XRP is nearing a critical breakout point.
