Analyst EGRAG CRYPTO suggests that XRP may repeat its remarkable 2017 rally with a potential 1,772% surge over a 63-day cycle by July 2025.
Growth Prospects for XRP
XRP, a cryptocurrency known for its sharp rise in 2017, is once again attracting traders' attention. According to technical analyst EGRAG CRYPTO, XRP's price could increase by 1,772% over a 63-day cycle.
Chart Analysis and Resistance Levels
Price chart analysis indicates that a weekly close above $2.70 could trigger a significant bullish trend. It is also crucial to consider the $2.30 level, which remains critical for XRP's bullish structure.
Impact of Historical Trends
Historical analogies show that in 2017, XRP surged from $0.18 to $3.13, reinforcing the potential for similar scenarios to repeat. Current forecasts suggest that if XRP follows the same patterns, it could reach $28.70 by July 2025.
Thus, the prospect of significant growth for XRP by 2025 is based on historical data and current technical analysis, which is generating interest among traders and analysts.
