XRP news today: XRP Poised for 672% Gain as Historical Pattern Emerges

XRP, the cryptocurrency, is poised for a significant upward movement according to a recent analysis by market analyst EGRAG. The analysis is based on historical price patterns and macro trends, suggesting that XRP is on the verge of completing a recurring six-month pattern that has previously led to substantial price increases. If this trend continues as it has in the past, XRP could first rise to $17 and eventually rally further to $55.

XRP reached a multi-year high of $3.30 in January 2025, but experienced a sharp downturn as part of a broader market correction. The token fell by 29% in February and recorded a further decline of 2.58% in March. April saw a mild recovery, with XRP stabilizing around $2.20, though it has yet to show strong upward momentum. Despite the recent stagnation, EGRAG asserts that XRP is forming a familiar pattern within a macro price channel on its monthly chart, one that previously preceded major gains.

EGRAG’s analysis points to a repeating formation of six monthly candles that have appeared before previous major XRP rallies. This pattern was most notably observed in 2017, when XRP recorded a sharp rally, followed by a corrective phase and then a sustained upward breakout. In that instance, XRP experienced the following monthly candle sequence: a sharp decline in July, a rebound in August, another loss in September, minor losses in October, moderate gains in November, and finally a massive spike in December. The final month saw a price increase of over 700%, completing the six-candle structure.

According to the analyst, the same six-month pattern appears to be unfolding again. Starting with a 283% rally in November 2024, the subsequent monthly movements have included moderate gains in December, a sharp increase in January 2025, and losses in both February and March. April closed with a modest gain of 4.84%, making it the fifth candle in the series.

Ask Aime: "Is XRP about to reach new highs after a historical pattern?"

Based on historical behavior, EGRAG anticipates that the sixth candle, which is expected in May 2025, will reflect a major upward move. The forecast places XRP at $17, which would represent a gain of approximately 672% from current levels. More significantly, if XRP reaches this projected price, it would break above the macro channel that has contained its movement for years. EGRAG argues that this breakout could set the stage for further price appreciation.

Should this scenario play out, the next price target stands at $55. This would represent an additional increase of about 223% beyond the $17 projection. The analyst’s view is supported by others in the market, including Cryptominder, who have also identified the $50 region as a potential long-term target. While XRP’s recent price activity has been relatively subdued, analysts like EGRAG believe that historical trends and technical indicators point to a possible breakout. If the six-candle pattern continues to mirror its 2017 trajectory, XRP could experience substantial gains over the coming months. However, investors should remain cautious, as these projections are speculative and contingent on market conditions aligning with historical patterns.