- XRP is consolidating around $2.30, showing signs of a potential major move based on long-term chart patterns.
- Historical cycles suggest possible targets between $12 and $46, depending on how the current structure plays out.
- The 21-month EMA remains a key level, with XRP’s recent 430% rise hinting at a possible retracement phase.
- Average projections point to a potential price near $30, with $27 being a realistic mid-range estimate.
XRP is currently trading around $2.30, showing signs of consolidation after recent volatility. While the broader market remains uncertain, technical patterns on the monthly chart suggest XRP could be gearing up for a significant move.
XRP appears to be entering a critical phase that could lead to a substantial price move, according to insights from market watcher Egrag Crypto. By analyzing monthly chart patterns and drawing from XRP’s historical behavior, Egrag has identified what he calls the “Historical Drop Zone,” with potential targets ranging from $12 to $46. These projections are based on patterns observed during previous market cycles, each marked by significant drops followed by powerful rebounds.
Egrag emphasizes that his approach is rooted in data, technical analysis, and long-term chart structures. He relies on the monthly timeframe to filter out short-term volatility and focus on broader trends. In past market cycles, XRP consistently followed a three-phase structure.
XRP Targets $12–$46 Based on Past Cycles
In Cycle 1, the price dropped below the 21-month EMA and plunged by 5,500%, retraced back to the EMA, and then dropped again by 2,500%. Cycle 2 followed a similar pattern, though less dramatic, with an initial 150% decline, a recovery to the EMA, and a further 500% drop.
In the current cycle, the token has again fallen below the 21 EMA and has seen a 430% rise. The market is now watching for a retracement to the 21 EMA. If the token holds above the $2 level, the EMA could descend to meet the price, forming a critical convergence. According to historical behavior, this phase is typically followed by another significant drop or price movement, completing the cycle.
Based on past performance, Egrag outlines two possible outcomes. If XRP repeats Cycle 1’s structure, the price could reach $46. If it mirrors Cycle 2, the target would be closer to $12. Averaging the two scenarios suggests a potential 1,500% gain, which aligns with a price around $30. Egrag’s personal estimate is set at $27, based on the midpoint of these historical ranges.
Beyond the charts, Egrag also highlights the strength of his growing community. He shares multiple in-depth charts with subscribers to encourage learning and keep discussions focused on constructive analysis. His approach aims to empower investors through education, helping them navigate the often chaotic sentiment within the crypto space.
As XRP approaches a potential inflection point, historical data suggests that a major move may be on the horizon. With eyes on the 21 EMA and the current retracement phase, many in the XRP community are preparing for what could be the next significant chapter in the asset’s market journey.
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