XRP has made an impressive recovery to regain its $2 price level after a mid-week fix plunged to a low price of $1.657 each week. Rebound is at a critical time for cryptocurrencies, with analysts paying close attention to historic price behavior and bullish technical patterns. Among them is Egrag Crypto, X's popular XRP analyst. He believes cryptocurrency could be at the pinnacle of a monumental surge reminiscent of the previous Bull cycle of 2017 and 2021.
Time cycle and exponential moving average power
EGRAG's technical analysis focuses on the repetition structure seen in past cycles of XRP, using the exponential moving average (EMA) for period 21 and moving average (MA) for period 33 in a biweekly time frame. According to his analysis revealed on social media platform X, there was a similar technical setup before the rally in both 2017 and 2021. A sustained bottom process lasts around 770 days, followed by a bullish reversal.
These phases were marked by what he described as a “blow-off top.” XRP posted parabolic profits after bounced back the exponential moving averages of 21 and 33. According to Egrag, the current market structure is closely aligned with the previous cycle. After a long-term bearish trend in 2022 and a second record, “Bearish Cross,” XRP again surpassed both the 21 EMA and 33 MA.
In his view, this sets the stage for a similar breakout scenario that could unfold by the end of 2025. EGRAG used this pattern to propose a timeline of about 770 days from the last major crossover in early 2022, placing a breakout target predicted around September 29, 2025.
XRP could surge to $45
Interestingly, Egrag's price forecast is based on the assumptions of how similar 2017 or 2021 movements will unfold in XRP. In 2017, XRP recorded a rallies of around 2,700%, with a slightly lower surge of around 1,050% in 2021. By mapping these profits to the current price structure, EGRAG predicted two potential targets. It's a more conservative level of $19 and a bold $45 level. Between these two targets is the $27 midrange target he previously supported.
However, analysts warned that while chart patterns provide insights, they are not perfect predictors. In his own words, “Does it rhyme accurately? No, because if it was so easy, everyone would be millions.” Still, the emotional patterns, human reactions and behaviors of market participants tend to repeat opportunities where the previous price action could unfold again, even if not 100%.
Analysts finished their analysis with strategic notes to long-term holders and short-term traders as XRP prices began to rise.
At the time of writing, XRP has traded at $2.04, up 2.6% over the past 24 hours.
