XRP Reclaims $2 Price Level Amid Predictions of Potential $45 Surge

XRP has recovered to $2 after dropping to a weekly low of $1.657. Analysts are observing historical price behaviors and bullish patterns, with EGRAG CRYPTO suggesting a potential surge similar to previous bull cycles in 2017 and 2021.

Technical Analysis Insights

EGRAG analyzes XRP using the 21-period Exponential Moving Average (EMA) and 33-period Moving Average (MA).
Past rallies were preceded by prolonged bottoming phases lasting around 770 days followed by bullish reversals.
The current market structure resembles these past cycles, having recently moved above both the 21 EMA and 33 MA.
A breakout could occur before the end of 2025, projecting a target date around September 29, 2025.

Price Predictions

EGRAG predicts potential XRP targets of $19, $27, or $45 based on historical gains from previous bull runs.
In 2017, XRP surged approximately 2,700%, while in 2021, it increased by about 1,050%.
The analyst cautions that chart patterns are not perfect predictors.

XRP is currently trading at $2.04, up by 2.6% in the last 24 hours.

XRP