XRP's price analysis over the past few years shows repeating patterns tied to a specific exponential moving average. Analyst EGRAG CRYPTO explores these trends and predicts potential pricing movements.
Historical Patterns and the Role of EMA
EGRAG CRYPTO, a well-known crypto analyst, recently shared a chart outlining how XRP demonstrates repeating structures tied to a specific exponential moving average (EMA). Historical trends are crucial for analyzing future movements. The EMA has served as both support and launch point in XRP’s market history.
XRP Cycles and Their Outcomes
The analyst outlines three key price cycles of XRP. In each of the previous two cycles, XRP initially consolidated beneath the EMA, then pushed through it before pulling back to confirm the breakout. Cycle 1 began in 2017, culminating in XRP's all-time high of $3.84 in January 2018. Cycle 2 in 2021 followed a similar but more moderate path, reaching a peak of $1.96 in April.
Final Targets for XRP Based on Past Performance
Using a monthly timeframe, a possible inflection point is marked for September 2025. The analysis suggests that based on previous cycles, XRP could hit two price targets: a conservative target of $9.5 and a more aggressive one of $37.5. Currently, XRP is trading at $2.18.
EGRAG CRYPTO's analysis offers a structured framework for evaluating potential price movements of XRP but does not guarantee their occurrence. Investors are advised to proceed with caution and to plan their exit strategies carefully.
