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This article is also available in Spanish.
XRP organized impressive recovery to recover the price of 2 USD after a decrease to a weekly lowest level of USD 1.657 in a steep correction in the middle of the week. The reflection comes to key time for Cryptocurrency, z Analysts pay closer attention for historical price behavior and stubborn technical patterns. Among them is Egrag Crypto, a popular XRP analyst on X, who believes that cryptocurrency can be at the beginning of the monumental growth reminiscent of previous bulls in 2017 and 2021.
The power of time cycles and interpretation medium movable
Egrag Technical analysis is concentrated On a repeated structure perceptible in previous XRP cycles, using 21-seized interpretation of the movable (EMA) (EMA) and 33-speed moving medium (MA) on a two-week time frame. According to its analysis, which was revealed on the Social Media platform X, both Writers 2017 and 2021 were preceded by similar technical configurations: a enduring lower process lasting about 770 days, followed by a stubborn reversal.
These phases were marked by what he described as “blowing peaks”, in which XRP published parabolic profits after detachment from 21 and 33 interpretative medium -sized. The current market structureHe noticed Egrag, strictly equalizes to previous cycles. After the extended bears and the second registered “Barish Cross” in 2022, XRP once again moved over 21 and 33 MA.
In his opinion, he is preparing a scene for a similar groundbreaking scenario that could be reproduced before the end of 2025. Egrag uses this pattern to suggest a timeline about 770 days from the last gigantic crossover at the beginning of 2022, creating a forecast goal around 29 September 2025.
XRP can boost to 45 USD
Interestingly, anticipating EGRAG prices based on the assumption of how a similar traffic 2017 or 2021 can be reproduced for XRP. In 2017, XRP published a rally of about 2700%, and in 2021 a slightly lower boost by about 1050%. By mapping these profits for the current price structure, EGRAG predicted two potential goals: more conservative level $ 19 and a brave level of 45 USD. Between these two goals there is a medium -class USD target which he had previously favored.
However, the analyst warned that although chart patterns offer insight, they are not excellent predictors. His own words: “Is he thoroughly rhyming? No, because if it were so easy, they would all be a multimilioner.” Despite this, the emotional patterns of market participants, human reactions and behaviors, usually repeat the possibilities in which the previous price campaign can play again, even if not 100%.
The analyst ended his strategic analysis with a note for long -term owners, as well as tiny -term traders, consider the approach to the average dollar (DSA) When the price of XRP begins to climb.
At the time of writing, XRP trades $ 2.04, which is an boost of 2.6% in the last 24 hours.
A distinguished picture from Adobe, chart from TradingView.com
