XRP News Today: XRP Could Surge 1,500% to 5,500% Says Crypto Analyst

Crypto analyst Egrag Crypto has released a detailed analysis of XRP’s price behavior, focusing on long-term chart patterns. Using historical data and a monthly time frame, Egrag suggests a potential bullish move for XRP, ranging from 1,500% to 5,500%, with an estimated price target of $27 if the current cycle follows past trajectories. The analysis highlights XRP’s interaction with the 21-month exponential moving average (EMA), noting recurring behaviors observed in previous cycles. These cycles demonstrate a pattern of initial price drops below the EMA, followed by a retracement, and then a secondary drop or rise, depending on the cycle.

Egrag emphasizes that his insights are based on mathematical analysis, historical chart patterns, and a focus on positivity. He aims to help newcomers through education and data sharing, stating, “My passion for sharing knowledge, wisdom, and helping newcomers keeps me going.”

In his technical breakdown, Egrag identifies three distinct historical patterns. In Cycle 1, XRP dropped below the 21 EMA, then declined by 5,500%, followed by a retracement to the 21 EMA and another 2,500% drop. In Cycle 2, the drop below the EMA was 150%, followed by a return to the EMA and a subsequent drop of 500%. For the current cycle, referred to as Cycle 3, XRP has already dropped below the 21 EMA and is now undergoing a retracement. According to his analysis, XRP could experience a 430% rise, with the retracement targeting the 21 EMA. He notes that if XRP maintains a price level above $2, the 21 EMA will likely descend to intersect with the current price, suggesting a second movement that implies a potential drop or consolidation following the retracement.

Extrapolating from historical trends, Egrag projects potential price levels for XRP ranging from $12 to $46. The upper boundary is based on a continuation of the pattern from Cycle 1, while the lower end references the more moderate Cycle 2. He calculates an average increase of 1,500%, placing the target near $30. However, Egrag concludes his analysis with a slightly more conservative personal estimate, writing, “My estimate: $27 — enjoy the ride!”

Addressing his audience directly, Egrag acknowledged the support of his subscribers and underscored the collective learning taking place in his community. “Hundreds and hundreds of people are learning, sharing, and growing together. Keep grinding, invest in yourself, and you’ll never regret it,” he said. While Egrag’s projections are based on historical performance and chart analysis, he refrains from offering any guarantees. Instead, he presents his findings as part of an ongoing effort to inform and empower investors with data-driven insights. In closing, Egrag encouraged the XRP community to remain steady and united, ending his message with a rallying note: “#XRPFamily STAY STEADY AND STRONG, Together We Rise!”