Jakarta, Pintu News – EGRAG Crypto analysts have recently provided insights on when XRP might reach its ambitious double-digit target, highlighting the key factors that could trigger this potential surge.
XRP Repeats 2017’s Pattern of Beginnings and Consolidation
EGRAG Crypto suggests that XRP is mirroring its pattern from 2017, indicating a potential breakout is imminent. Historically, in October 2017, XRP took around 63 days to hit a new all-time high, increasing dramatically. This pattern is now being closely watched by market participants for signs of repetition.
During the 2017 bull run, XRP began modestly, priced at $0.0055 in March, and spiked to $0.3988 by May. Following this, XRP entered a six-month consolidation phase. Similarly, in the current cycle, after underperforming throughout 2023 and most of 2024, XRP surged by nearly 600% from $0.5 in November 2024 to $3.4 in January 2025 post-US election. This led to another correction and a subsequent consolidation phase.
XRP Poised to Repeat 2017-like Second Spike
After consolidating for six months in 2017, XRP saw a substantial 1,772% increase, reaching an all-time high of $3.8 in January 2018. EGRAG believes XRP could replicate this pattern, potentially achieving a 1,772% gain within the next 60 days, reaching a forecasted price of $27, aligning with the 1,618 extension Fibonacci level.
EGRAG advises traders to gradually take profits once XRP exits the consolidation phase. Two interim targets have been identified: $8.49 (Fibonacci 1,272) and $13.79 (Fibonacci 1,414).
Support and Resistance Levels to Watch Out For
As XRP remains in consolidation, critical support and resistance levels are being monitored. Maintaining a position above the 21-week exponential moving average (EMA), currently at $2.3, is crucial for sustaining the bullish trend. XRP’s current price of $2.34 slightly exceeds this level.
Resistance must be broken to confirm a breakout. A spike above the 1,414 Fibonacci level at $2.7 would signal the next upward move. Breaking the $3 mark could serve as confirmation of the breakout phase. EGRAG predicts a potential price of $27 by July 2025, assuming a repeat of the 2017 pattern.
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*Disclaimer
This content is intended to provide informative insights. Pintu compiles information from various credible sources, maintaining independence from external influences. Past performance of assets does not guarantee future outcomes. Crypto trading is highly volatile and risky; conduct thorough research and invest only what you can afford to lose. Trading activities and investments are the reader’s responsibility.
Reference: https://pintu.co.id/en/news/161057-ripple-price-prediction-egrag-crypto-says-xrp-to-hit-27
