Analyst Predicts XRP “Crash” Using Reverse Chart, Sees $27 Target

• EGRAG forecasts that XRP will “crash” upward using reverse chart analysis.
• Three historical cycles show pattern of EMA break, pullback, then major rally.
• The current Cycle 3 might yield 1,500% gains in the target area of $27 to $30.

With a twist that might surprise investors, market analyst EGRAG Crypto has offered an unusual study that predicts a major “crash” in the price of XRP. EGRAG’s pessimistic terminology actually reflects positive price activity, where apparent “drops” are actually significant upward advances, according to a reverse chart approach.

With no directional momentum, XRP has been trading in the lower $2 area for the last four months. This sideways action has created uncertainty among investors about whether the token is preparing for a breakout or entering another consolidation phase.

EGRAG focuses on monthly chart analysis to cut through short-term noise, employing a reverse chart approach where traditional price movements appear inverted. In this framework, when he describes XRP “falling” below the 21 Exponential Moving Average, he’s actually referring to a breakthrough above this crucial technical level.

Historical XRP cycles reveal recurring pattern

EGRAG has identified three major cycles in XRP’s price history, each following a similar pattern of initial spike, retracement, and subsequent surge. These cycles provide the foundation for his current analysis and future projections.

During Cycle 1, which lasted from 2017 to 2018, XRP crossed above the 21 EMA and experienced a 5,500% increase. After making this huge rise, the token retreated to touch the EMA before increasing by 2,500% once more. Even though EGRAG’s reverse chart terminology called these “drops,” they actually reflected significant price increases.

Cycle 2, which took place between 2020 and 2021, saw fewer improvements but followed a similar trend. After breaking over the 21 EMA, XRP surged 150% before reversing course and rising 500% further. EGRAG views these repeated phases as a predictable pattern that could repeat in the current market cycle.

According to EGRAG, XRP has already surpassed the 21 EMA in the current Cycle 3, marking a 430% increase from earlier lows. According to him, XRP is presently in the midst of a retracement phase, which should see the price return to the 21 EMA.

If XRP maintains support above $2, EGRAG expects the EMA will slope downward to meet the price, creating a convergence point. This technical setup mirrors the retracement phases seen in previous cycles before major upward moves.

According to his analysis, what happens at this convergence point will determine XRP’s next major directional move. Historical patterns suggest another significant leg up could follow the current retracement phase.

Based on historical cycle analysis, EGRAG projects two potential scenarios for XRP’s next major move. XRP may hit $46 if the current cycle replicates the behavior of Cycle 1. It seems more likely to move to $12 if it mimics Cycle 2 instead.