Fun

XRP Price To Hit $45? Here’s What Happens If It Mimics 2017 And 2021 Rallies

News Feed - 2025-04-13 03:04:52

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


XRP has staged an impressive recovery to reclaim the $2 price level after plunging to a weekly low of $1.657 in a steep midweek correction. The rebound comes at a crucial time forthe cryptocurrency, with analysts paying closer attentionto historical price behaviors and bullish technical patterns. Among them is EGRAG CRYPTO, a popular XRP analyst on X, who believes that the cryptocurrency could be on the cusp of a monumental surge reminiscent of its previous bull cycles in 2017 and 2021. The Power Of Time Cycles And Exponential Moving Averages


EGRAG’s technical analysis focuseson a recurring structure seen in XRP’s past cycles, using the 21-period Exponential Moving Average (EMA) and 33-period Moving Average (MA) on the biweekly timeframe. According to his analysis, which was revealed on social media platform X, both the 2017 and 2021 rallies were preceded by similar technical setups: a sustained bottoming process lasting around 770 days followed by a bullish reversal. Related Reading This Analyst Correctly Called The XRP Price Crash, Here Are The Next Targets 4 days ago


These phases were marked by what he described as “blow-off tops,” where XRP posted parabolic gains after bouncing off the 21 and 33 exponential moving averages. The current market structure, EGRAG noted, aligns closely with those previous cycles. After a prolonged bearish trend and a second recorded “bearish cross” in 2022, XRP has once again moved above both the 21 EMA and 33 MA. Source: Egrag Crpyto on X


In his view, this sets the stage for a similar breakout scenario, one that could play out before the end of 2025. EGRAG uses this pattern to suggest a timeline of roughly 770 days from the last major crossover in early 2022, placing the projected breakout target around September 29, 2025. XRP Can Surge To $45


Interestingly, EGRAG’s price prediction based on the premise of how a similar 2017 or 2021 movement can play out for XRP. In 2017, XRP posted a rally of approximately 2,700%, and in 2021, a slightly lower surge of about 1,050%. By mapping those gains onto the current price structure, EGRAG predicted two potential targets: a more conservative $19 level and a bold $45 level. Between these two targets is a mid-range target of $27 which he has previously favored. Related Reading XRP Price To Hit $45? Here’s What Happens If It Mimics 2017 And 2021 Rallies 5 hours ago


However, the analyst warned that while chart patterns offer insight, they are not perfect predictors. In his own words, “Will it rhyme exactly? No, because if it were that easy, everyone would be a multimillionaire.” Still, the emotional patterns of market participants, human reactions and behaviors, tend to repeat to create opportunities where a previous price action might play out again, even if not 100%. 


The analyst ended his analysis with a strategic note to long-term holders and short-term traders alike, consider a Dollar-Sell-Average (DSA) approach when the XRP price starts to climb. 


At the time of writing, XRP is trading at $2.04, up by 2.6% in the past 24 hours. XRP trading at $2 on the 1D chart | Source: XRPUSDT onTradingview.com Featured image from Adobe Stock, chart from Tradingview.com

News Feed

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform
Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform Coinbase has announced that the company plans to introduce a number of ch
Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt
Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt According to the European Union’s statistics office Eurostat on Wednesday, Eur
‘Big Short’ Investor Michael Burry Warns Governments Could ‘Squash’ Bitcoin
"Big Short" Investor Michael Burry Warns Governments Could "Squash" Bitcoin Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, ha
Tristan Greene5 hours agoSocial media discussions play a crucial role in influencing crypto returns: StudyThe researchers also determined that “news sentiment” is a much less effective predictor of cryptocurrency ret
Revolut Adds Bitcoin Cash and Litecoin Support for US Customers
Revolut Adds Bitcoin Cash and Litecoin Support for US CustomersFollowing the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoi
World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140%
World"s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140% Just days after registering marginal gains against the U.S.
SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi Exchange
SLP Trading Platform Cryptophyl Plans to Change Into a Noncustodial Defi ExchangeThe U.K.-based Simple Ledger Protocol (SLP) exchange Cryptophyl is closing its doors in order to res
Crypto Confronts Social Justice Warriors 
Crypto Confronts Social Justice Warriors  “Many men are lamenting the “man-hating” rhetoric that they have imagined stemming from SJWs. It just so happens that
Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform
Davos 2023: WEF Unveils Global Collaboration Village Metaverse Platform The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metave
Apple reportedly courting OpenAI to develop AI features for iPhone
Tristan Greene7 hours agoApple reportedly courting OpenAI to develop AI features for iPhoneThe Cupertino company is also considering a partnership with Google.2306 Total views13 Total sharesNewsOwn this piece of crypto h
David Attlee22 minutes agoJapanese yen-backed digital currency, DCJPY, to go live in July 2024Digital currency and electronic payments business DeCurret Holdings intends to launch the coin in July 2024.122 Total viewsLis
Ana Paula Pereira4 hours agoAave DAO opens voting on proposals to reduce CRV exposureAave tokenholders are voting on three proposals that could reshape the protocol’s exposure to the Curve DAO token.669 Total views34 T