In a market landscape recovering from volatility, analyst EGRAG Crypto presents an optimistic forecast for XRP based on technical analysis.
The Rare Bullish Cross and Its Historical Context
Analyst EGRAG notes the last instance of the 55 EMA crossing above the 155 MA on the XRP/BTC chart was on May 15, 2017, just before XRP's notable rise of over 900%. This rare crossover reappeared on February 17, 2025, reigniting hopes for another significant surge for XRP. This type of crossover is viewed as a potent bullish signal in technical analysis.
Scenario Analysis: From Retests to Parabolic Targets
EGRAG outlines two primary scenarios that may unfold in the coming months. In the first, XRP/BTC retests the 55 EMA, targeting 0.00001850 BTC. If this occurs with Bitcoin trading around $80,000, it would equate to approximately $1.48 per XRP. The second, more ambitious scenario suggests XRP/BTC could replicate the 2017 rally, rising by 958% from the February 2025 Bullish Cross. This could mean XRP's USD value may shoot up significantly.
Double-Digit XRP: Fantasy or Imminent Reality?
While critics may view these projections as overly optimistic, EGRAG's approach is underscored by established technical analysis patterns. Ripple's continued expansion in the cryptocurrency landscape is strengthening XRP's position as an institutional asset. The forecast for XRP hinges on market factors and timing.
Despite market uncertainties, EGRAG's analysis highlights the importance of long-term analysis and technical discipline. XRP's future trajectory will depend on various market conditions, making close monitoring of its movement crucial.
