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XRP organized an impressive recovery to recover the price level of $ 2 after plunging a weekly minimum of $ 1,657 in a steep correction in the middle of the week. The rebound arrives at a crucial time for cryptocurrency, with analysts pay more attention Historical price behavior and bullish technical models. Among them, Egrag Crypto, an XRP popular analyst on X, who thinks that cryptocurrency could be at the dawn of a monumental rise recalling its previous bull cycles in 2017 and 2021.
The power of time cycles and exponent moving means
Egrag Technical analysis is concentrated On a recurring structure observed in the past cycles of XRP, using the exponential mobile average of 21 periods (EMA) and the mobile average at 33 periods (MA) on the bihebdomedary period. According to his analysis, which was revealed on the X social media platform, the 2017 and 2021 rallies were preceded by similar technical configurations: a supported Bothing process of 770 days followed by a bull reversal.
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These phases were marked by what he described as “blowing ups”, where XRP posted parabolic gains after rebounded on the exponential mobile averages of 21 and 33. The structure of the current marketNoted Egrag, aligns closely with these previous cycles. After a prolonged downward trend and a second “downstream cross” in 2022, XRP again overtaken above 21 EMA and 33 MA.
In his opinion, this opens the field for a similar escape scenario, which could be played before the end of 2025. Egrag uses this model to suggest a chronology of around 770 days from the last major multiserment at the beginning of 2022, placing the escape target scheduled for September 29, 2025.
XRP can reach $ 45
Interestingly, the prediction of Egrag prices based on the premise of the way in which a similar movement 2017 or 2021 can take place for XRP. In 2017, XRP displayed a rally of approximately 2,700% and in 2021, an increase slightly lower by around 1,050%. By mapping these gains on the current price structure, Egrag predicted two potential targets: a level of $ 19 more conservative and a daring level of $ 45. Between these two targets is a mid -range target of $ 27 that he previously favored.
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However, the analyst warned that if the graphics models offer an overview, they are not perfect predictors. According to his own words: “Will it rhyme exactly?” No, because if it was so simple, everyone would be multimillionaire. ” However, the emotional models of market players, reactions and human behavior tend to repeat to create opportunities where a previous price action could happen again, even if it is not 100%.
The analyst ended his analysis by a strategic note to long -term holders and short -term traders, consider an average of the sales to the average (DSA) approach (DSA) When the XRP price begins to climb.
At the time of writing this document, XRP is negotiated at $ 2.04, up 2.6% in the last 24 hours.
Adobe Stock star image, tradingView.com graphic
