Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

XRP Targets $19 Or $45 In Possible Blow-Off Top, Analyst Predicts

Share This Post

In a newly published chart analysis, crypto analyst Egrag (@egragcrypto) posits that XRP may be on the cusp of a significant price breakout reminiscent of its previous cycle peaks. The data, which spans from late 2013 through 2025, highlights multiple instances in which XRP went through a protracted bear market before staging an explosive rally. Two particular examples stand out in Egrag’s assessment: the 2017 surge in which XRP rose over 2,700% from its pre-rally price levels, and the 2021 run-up that saw the asset climb by more than 1,000%.

Egrag Predicts XRP Surge To $19–$45

The chart reveals a consistent framework that relies on the interplay between the 21-week Exponential Moving Average (EMA) and the 33-week Simple Moving Average (MA). These moving averages are shown crossing during bearish cycles and then eventually curving upward, implying the formation of a bottom.

Historically, XRP’s final bullish legs—often culminating in “blow-off tops”—began once the price retook the 21 EMA and the 33 MA, with the 777-day (and in one instance, 770-day) window before those bullish crosses recurring as a noteworthy time cycle. “Men lie, women lie, but charts don’t,” says Egrag. “I’m not improvising here; I’m relying on historical data to present future predictions. Will it rhyme exactly? No, because if it were that easy, everyone would be a multimillionaire!”

XRP price analysis

According to the chart, XRP has already mirrored some of the patterns seen in 2017 and 2021, a parallel that leads Egrag to posit two potential price targets if the token completes another blow-off top scenario. While he acknowledges various complicating factors, the analyst believes XRP could rally as much as 2,700%—taking the asset to approximately $45—or, in a more moderate iteration, 1,050% to just below $20. “Now, here’s my measured move: if #XRP mimics either of these cycles, we could see price movements of 2,700% or 1,050%, putting XRP around $45 or $19!” he notes, referencing the previous explosive expansions.

Egrag cites past cycles to support these targets, pointing to how XRP found support at the 21 EMA in 2017 just before launching into its last blow-off phase. In 2021, the coin rallied once it decisively broke above both the 21 EMA and 33 MA.

To underscore the method behind using both indicators, Egrag adds that “market makers use the same moving averages to see where support and resistance are and act against us. So I am using different moving averages—one is fast (exponential) and one is simple—to understand price action better.” He emphasizes these signals are lagging indicators but can still confirm whether market sentiment is shifting from bearish to bullish.

Notably, Egrag’s personal long-standing target for XRP has been $27. He underlines that nothing is guaranteed, especially in a market characterized by what he calls “human reactions and behaviors.” Quoting a line from the film Margin Call, he explains, “You cannot control it, stop it, or slow it, or even slightly alter it…you have to just react. Make a lot of money if you get it right, or you’ll be left by the side of the road if you get it wrong.” Yet he notes that it is wise to strategize selling—or “DCA (Dollar-Sell-Average)—if circumstances call for it, to mitigate risk.

At press time, XRP traded at $2.00.

XRP priceq

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Wordcoin (WLD) Price Forecast: Bullish Breakout Confirmed After a $135M Fundraise

The post Wordcoin (WLD) Price Forecast: Bullish Breakout Confirmed After a $135M Fundraise appeared first on Coinpedia Fintech News The World App has grown to more than 26 million users from

Bond Yields Continue to Soar as Markets Eye Trouble, Bitcoin and Gold Shine

Markets are flashing warning signs as long-term US Treasury yields spike, bond auctions falter, and prediction markets show rising odds of economic trouble ahead Treasury Market Signals Mounting

Dogecoin Breaks Out Of Bull Pennant—What’s The Target?

An analyst has pointed out how Dogecoin is showing a break out of a Bull Pennant Here’s where the target could lie, based on the pattern Dogecoin Has Just Seen A Surge Beyond Bull Pennant

Active DeFi loans hit all-time high at $23.7B as TVL nears pre-tariff levels

Active loans across decentralized lending applications climbed to a record $23723 billion on May 21, based on Token Terminal data Meanwhile, the DeFi ecosystem’s total value locked (TVL) sits

Ethereum’s March To $3,000 Depends On Holding Above This Key Resistance Level

Given the growing bullish momentum across the general crypto market, Ethereum is showing early signs of an upward movement as it draws close to key resistance levels While ETH is gaining traction, a

UK Court of Appeals dismisses BSV lawsuit against Binance, others over 2019 delisting

The UK Court of Appeals dismissed a high-profile challenge by BSV Claims Ltd, which sought up to £9 billion in damages from Binance and other exchanges over the 2019 delisting of Bitcoin Satoshi