Crypto analyst Egrag Crypto has presented an analysis suggesting that XRP could reach a new all-time high (ATH) within 90 to 120 days. Using historical data from previous bull runs, the analyst highlighted a recurring pattern in XRP’s relative strength index (RSI), indicating the possibility of another significant price surge.
Historical Patterns in XRP’s RSI
Egrag Crypto’s analysis focuses on XRP’s RSI movements during past market cycles. In a recent tweet, the analyst pointed out that XRP typically exhibits two peaks during major bull runs. This pattern was observed in both the 2017 and 2021 market cycles. The tweet emphasizes that XRP’s second peak occurred 120 days after the initial surge in 2017, while in 2021, it took approximately 90 days. Based on this historical data, Egrag Crypto suggests that XRP could follow a similar timeline in the current cycle. The attached chart illustrates XRP’s RSI fluctuations, marking significant peaks in previous cycles. The analysis indicates that XRP is positioned in a phase comparable to past pre-peak periods. If the pattern holds, the next major price movement could align with the projected 90 to 120-day window.
Price Targets and Market Sentiment
Egrag Crypto’s chart highlights potential price levels that XRP could reach in the coming months. The analyst has identified resistance levels around $66, $70, and $76 while also marking higher targets at $85, $88, and $89. If XRP follows the historical trend, these levels could come into play as the price moves toward a possible ATH. The market sentiment surrounding XRP remains a key factor in determining whether this projection materializes. Historically, XRP’s price movements have been influenced by regulatory developments and overall market conditions.
Conclusion and Possible Scenarios
The 90 to 120-day timeframe places the anticipated price action within the middle of 2025. If XRP follows its historical RSI pattern, investors could witness a significant movement in the coming months. However, as with all market predictions, the outcome remains subject to broader market dynamics and investor sentiment.
Egrag Crypto's forecast for XRP is based on past market cycle data and suggests a potential scenario for reaching a new ATH within 90 to 120 days. External factors and market conditions may influence XRP's trajectory. Investors should monitor market changes and consider risks before making decisions.
