XRP’s Next Big Move? Analyst Foresees $27 Target After Key EMA Breakout

Sean Williams
XRP Price forecast

Key takeaways:

  • Crypto analyst Egrag Crypto forecasts XRP could surge up to 1,500%–5,500%, potentially reaching a price target of $27 based on historical monthly chart patterns and the 21-month EMA.
  • XRP is currently in a retracement phase after dipping below the 21-month EMA, mirroring previous cycles where such moves were followed by significant price rallies.
  • Egrag emphasizes a data-driven approach without guarantees and encourages the XRP community to remain steady and united amid market volatility.

Crypto analyst Egrag Crypto has released a comprehensive analysis of XRP’s long-term price potential, forecasting a remarkable rally ranging from 1,500% to 5,500%. Based on historical chart patterns and the 21-month exponential moving average (EMA), Egrag projects XRP could hit $27 if it follows past cycle behaviors.

Historical XRP Cycles Reveal Bullish Patterns

Egrag’s technical breakdown examines XRP’s interaction with the 21 EMA across three distinct market cycles. In the first cycle, XRP fell below the EMA and then experienced a massive 5,500% drop, followed by a retracement to the EMA, and another 2,500% decline. The second cycle showed a smaller drop of 150%, a return to the EMA, and then a 500% fall. Currently in what he calls Cycle 3, XRP has dropped below the 21 EMA but is now retracing toward it, with the potential for a 430% rise.

A key point in the analysis is the expectation that if XRP holds above $2, the 21 EMA will likely move downward to meet the current price, a phenomenon observed in previous cycles. Egrag warns that after this retracement, XRP may face consolidation or a secondary movement before a sustained uptrend.

Price Projections and Community Insights

Based on these patterns, Egrag estimates XRP’s price could range between $12 and $46, with an average bullish increase around 1,500%, placing a reasonable target near $27. He describes this as a conservative estimate, encouraging investors to view the journey positively.

In his message to the XRP community, Egrag emphasizes education and positivity, highlighting his commitment to sharing data-driven insights. “Hundreds and hundreds of people are learning, sharing, and growing together,” he stated, urging the community to stay united with the rallying cry, “#XRPFamily STAY STEADY AND STRONG, Together We Rise!”

Also Read: Is XRP Set for 4x Surge? Analyst Sees $8 Price with ETF Launch

While acknowledging that past performance does not guarantee future results, this analysis offers a hopeful outlook for XRP investors, supported by historical trends and chart evidence.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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