XRP News Today: XRP Price Surges Possible as EMA/SMA Crossover Sparks $9–$24 Targets

XRP is gaining renewed attention as analysts highlight potential price surges driven by recurring technical patterns observed in past market cycles. Ripple Van Winkle, referencing analysis from EGRAG Crypto, has noted a bullish crossover between the 21-week Exponential Moving Average (EMA) and 55-week Simple Moving Average (SMA) as a critical signal. This pattern, which historically preceded major XRP rallies, could push the cryptocurrency toward $9 or $24 in the current cycle if momentum aligns with past trends [1]. The projections hinge on whether the current market environment mirrors the explosive 2017 rally or the more moderate 2020 surge.

Historical data underscores the significance of the EMA/SMA crossover. In March 2017, the indicator marked the start of a 40,000% rally, propelling XRP to its all-time high of $3.84. A similar event in August 2020 saw a 750% gain, while a 2024 crossover triggered a 560% price increase, suggesting the pattern remains relevant [1]. According to EGRAG Crypto, if the current cycle replicates just 10% of the 2017 surge, XRP could reach $24. A 1,500% gain—double the 2020 cycle—would bring the price to $9. Analysts caution that the 2020 cycle was weaker in momentum, implying stronger institutional adoption could elevate the forecast’s upper bound [1].

Fundamental developments are reinforcing technical optimism. Ripple’s expansion in cross-border payments and stablecoins, including the launch of RLUSD—a U.S. dollar-backed stablecoin—has enhanced XRP’s utility in settlement and remittance use cases. Additionally, the Federal Reserve Bank of Atlanta recently cited XRP in a Web3 report as a potential tool for wholesale settlement, signaling growing institutional recognition [1]. These factors align with XRP’s technical setup, creating a confluence of bullish forces.

However, short-term resistance near $3 remains a critical threshold. Maintaining support above $1.70 is essential to preserve the upward trajectory, while breaking $3 could trigger a price discovery phase [1]. Analysts like John Squire have emphasized that sustaining above $2.80 is vital for maintaining the bullish structure [2]. A failure to hold these levels could disrupt the projected gains, underscoring the volatile nature of cryptocurrency markets.

While the forecasts are scenario-based and contingent on market conditions, they reflect a broader narrative of XRP’s strategic positioning. The $9–$24 target range assumes sustained buying pressure and confirmation of breakout patterns, factors that remain unproven. Investors are urged to approach these projections with caution, as historical patterns do not guarantee outcomes, and external variables such as regulatory shifts or macroeconomic trends could alter the trajectory [1].

Sources:

[1] [Analyst Says XRP Could Hit $9 or $24 This Cycle If This Bullish History Repeats](https://timestabloid.com/analyst-says-xrp-could-hit-9-or-24-this-cycle-if-this-bullish-history-repeats/)

[2] [Top Analyst Predicts Massive Rally For XRP Toward $9–$24](https://coinpedia.org/news/xrp-price-news-top-analyst-predicts-massive-rally-for-xrp-toward-9-24/)