Analyst Maps Path to $6.70, $13, or $27

Altcoin Analysis

XRP may be approaching a pivotal moment in its market structure, according to technical analyst Egrag Crypto.

In a recent post, the analyst identified a recurring signal involving the 21-week EMA and 33-week SMA that has historically preceded significant price movements—both bullish and bearish.

Egrag’s framework distinguishes three critical phases marked by colored circles on the XRP chart, each reflecting different technical conditions:

• Purple Circle: Denotes the beginning of each official bull run across prior market cycles. This signal has consistently preceded sustained upward momentum.
• Red Circle: Highlights a bearish crossover in which the 21 EMA drops below the 33 SMA on the weekly timeframe. Egrag notes that this condition typically results in a flash crash, followed by a brief rally that ultimately fails and confirms the onset of a bear market.
• White Circle: Refers to the rare occurrence in which the 21 EMA avoids crossing below the 33 SMA. According to Egrag, this pattern has only occurred once in XRP’s history and led to a rally of approximately 1,200%.

The analyst suggests that XRP may be entering a phase similar to the one that led to the 1,200% breakout. However, he cautions that the market could still experience one final, sharp move upward that generates excessive optimism before reversing. This would align with past behavior where emotionally-driven rallies were often short-lived and did not sustain a long-term trend.

Egrag further advises investors to remain realistic about market behavior. He notes that unless a trader is in a financially secure position, it may be prudent to consider profit-taking opportunities rather than assuming the rally will continue indefinitely.

Price Targets Based on Historical Patterns:

• A full 1,200% rally from the current price of $2.24 would project an upside target near $27.
• A 600% gain implies a price around $13.
• A 300% move, equivalent to a quarter of XRP’s 2017 rally, would place it at approximately $6.70.

While the outlook remains speculative, Egrag’s analysis presents a structured approach to tracking XRP’s possible paths in the current cycle. The upcoming interaction between key moving averages may determine whether XRP enters a new bullish phase or faces renewed downside pressure.

Author

Kosta Gushterov

Reporter at Coindoo

Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.

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