XRP News Today: Historical Patterns and Bull Flags Signal XRP's Path to $21.60, Egrag Crypto Predicts

XRP remains a focal point for technical analysts, with Egrag Crypto emphasizing a bullish outlook based on historical patterns and key price levels. The cryptocurrency is currently testing the 21-day exponential moving average (EMA), a critical threshold that has historically triggered significant rallies. In 2017, XRP surged over 1,600% after consolidating near this level, while the 2021 rally saw a 414% increase following a retest post-SEC lawsuit. Egrag identifies the 21 EMA as a linchpin for future price action, with sustained support above this level potentially driving XRP to $9.60 . A more ambitious scenario, mirroring the 2017 pattern, could see the token reach $33, contingent on favorable market conditions and institutional demand .

Technical indicators further reinforce the bullish narrative. Egrag highlights a bull flag pattern on XRP's chart, suggesting a potential breakout beyond $4. This pattern aligns with a symmetrical triangle formation, where a daily close above $3 could open the path to $4.08-a 42% rally from current levels. Historical data underscores the significance of these patterns: XRP's 2017 and 2021 surges followed similar setups, with the 21-week EMA acting as a catalyst . On-chain activity also supports the thesis, as whale holders have accumulated over 30 million XRP this week, reducing selling pressure and reinforcing long-term confidence .

A critical juncture for XRP lies at the $3.13 resistance level, identified by Egrag as a Fibonacci 0.5 retracement. A sustained close above this threshold for three consecutive days could propel the token toward $4.40, while rejection may trigger a pullback to $2.65 or $2.40 . This level is further validated by the 4-hour chart's golden cross-the 20 EMA crossing above the 50 EMA-signaling renewed buying momentum . Regulatory developments in the U.S., including new crypto ETF listing standards, add macroeconomic tailwinds, potentially boosting institutional interest in XRP .

Egrag's analysis also incorporates RSI patterns, noting a recurring two-peak formation that historically precedes bear markets. While the current RSI structure suggests a bullish continuation, a drop below the 77-level on the two-week timeframe could invalidate the upward trajectory . Conversely, a successful test and bounce from this threshold would confirm macro support, setting the stage for a potential $20.70–$21.60 target via logarithmic projections .

Market liquidity and volatility remain key variables. Egrag adjusts for crypto's lower liquidity by applying a 15–20% variability range to price targets, expanding the potential upside to $21.60 from the base logarithmic projection of $18 . Meanwhile, Santiment data reveals heightened retail fear, a historical contrarian signal that often precedes buying opportunities . Whale accumulation and regulatory clarity further mitigate downside risks, though short-term dips to $2.65 remain a possibility if the 20 EMA fails to hold .

The broader market context, including Ripple's legal proceedings and speculative interest in an IPO, adds complexity. While uncertainties persist, Egrag's focus remains on technical execution, urging investors to monitor the 21 EMA, $3.13, and $3.65 levels. A breakout above $3.65 could trigger a 600% rally to $27, while a $4.76 target in Q4 hinges on sustained bullish momentum .

Source: [1] EGRAG CRYPTO (https://coincentral.com/xrp-price-nears-key-technical-level-egrag-cryptos-bullish-outlook/)

[2] TimesTabloid (https://timestabloid.com/egrag-crypto-identifies-key-rsi-pattern-predicts-xrp-top-timeline/)

[3] Coindoo (https://coindoo.com/analyst-sees-bullish-sign-on-xrp-chart-predicts-up-to-21-60-target/)

[8] TheCryptoBasic (https://thecryptobasic.com/2025/04/10/analyst-says-xrp-entering-grinding-stage-within-falling-wedge-pattern-targets-4-upon-breakout/)

[9] Coinpedia (https://coinpedia.org/news/xrp-analyst-warns-of-possible-dip-to-2-65-before-major-breakout-levels/)

[10] CCN (https://www.ccn.com/analysis/crypto/ripple-xrp-price-bearish-streak-ends-bulls-next-rally/)

[11] LiveBitcoinNews (https://www.livebitcoinnews.com/bullish-pattern-emerges-on-xrp-chart-signaling-potential-surge-beyond-4-level/)