XRP News Today: XRP Eyes $11.00 Target as Chasm Breakout Looms—550.11% Gain from Current Levels

Generated by AI AgentCoin World
Thursday, Jul 24, 2025 2:53 am ET1min read
XRP
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Aime RobotAime Summary

- Crypto analyst Egrag Crypto identifies "Chasm" as key XRP/USD breakout zone, projecting $11.00 (550.11% gain) and $34.63 targets based on historical 2017-2025 cycle patterns.

- Analysis highlights three XRP market phases: 2017 (2,000.98% gain), 2021 (420.44% rise), and current 2025 cycle aligning with prior inflection points and moving average crossovers.

- Chasm's red trendline serves as critical resistance; successful breakout would validate bullish trajectory, while failure risks challenging projected $11.00 threshold despite current $3.50 momentum.

- Community optimism grows as XRP nears $3.50 on Binance, with analyst emphasizing historical pattern repetition and extended $34.63 target contingent on sustained market participation.

Crypto market analyst Egrag Crypto has released a technical analysis of XRP/USD, identifying a potential breakout zone termed the “Chasm” and projecting price targets based on historical cycles [1]. The analysis highlights three major

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market phases, with the current third cycle unfolding in mid-2025. Cycle 1 (2017) saw XRP surge from under $0.01 to $3.24—a 2,000.98% gain—while Cycle 2 (2021) peaked at $1.53, a 420.44% rise. The Chasm, a red trendline spanning prior cycle highs, is positioned as a critical resistance level. Egrag asserts that touching or surpassing this zone would align with historical growth patterns, reinforcing confidence in the ongoing bullish trajectory.

The Chasm’s role is central to validating the continuation of XRP’s multi-year cycles. Egrag emphasizes, “If the chasm isn’t touched or bypassed, then there is something off,” though he remains optimistic, stating “which I believe is not the case.” The analysis suggests that breaching this resistance would mirror prior cycles, where price action decisively crossed above two key moving averages: the 21-period EMA (yellow) and 33-period SMA (green). XRP’s current price near $3.50 on Binance appears to replicate this pattern, with upward momentum sustained into July 2025.

Price targets for Cycle 3 include $11.00 (a 550.11% increase from current levels) and an extended target of $34.63, matching the 2,000.21% gain seen in Cycle 1. These projections are derived from the asset’s current market structure and align with historical inflection points in May 2017, April 2021, and September 2025. Community sentiment reflects optimism, with an X user noting, “Chasm or not, the XRP tide is rising—wings ready for liftoff!”

Egrag’s analysis underscores the importance of the Chasm as a technical filter. If XRP fails to test this level, the projected trajectory could face challenges. However, the analyst’s confidence in repeating historical patterns and the asset’s adherence to key moving average trends suggest a high probability of reaching the $11.00 threshold. The extended $34.63 target, while ambitious, remains contingent on sustained market participation and alignment with prior cycle magnitudes.

Source: [1] [title: Chasm XRP Analysis and Projected Price Targets] [url: https://coinmarketcap.com/community/articles/6881d539fedeae6520adedfc/]