- XRP retested its 21-day moving average, signaling a potential big price move soon.
- If history repeats, XRP could rise by 414% or 1,610%.
- Analysts like EGRAG and Rekt Fencer predict strong long-term growth despite short-term fluctuations.
XRP might be getting ready for a big price change after recently testing its 21-day moving average, says popular analyst EGRAG.
Based on past market trends, EGRAG argues XRP could break into the double-digit price if history repeats itself.
XRP Historical Trends Show Two Possible Outcomes
In the 2017 cycle, XRP used the 21 EMA as a reliable support level on two separate occasions, leading to a significant 1,610% price rally to its peak.
Related: Analyst Warns of 15% XRP Drop But Whales Accumulate $928 Millions’ Worth
The 2021 cycle presented a different picture. XRP initially fell below the 21 EMA, a move largely attributed to the Securities and Exchange Commission’s lawsuit against Ripple. The case created uncertainty across the XRP community and disrupted market sentiment.
Despite this setback, XRP managed to close back above the 21 EMA and completed a successful retest. This shift in momentum ultimately led to a 414% price increase.
Current Market Setup
In June, XRP once again retested the 21 EMA. Based on its past behavior, EGRAG identified two potential scenarios. If the 2021 pattern repeats, the price could advance to $9.6, representing a 414% move.
If the 2017 pattern plays out, XRP could target $33, reflecting a 1,610% increase. The key factor is whether XRP can maintain its position relative to the EMA in the coming weeks.
Currently, XRP is trading at $2.87, having increased by 2% over the last day and partially recovering from the losses incurred over the past week. Its market cap is $171 billion. If it grows by 414% or 1,610%, that would push it to $882 billion or $2.94 trillion, compared to Bitcoin’s $2.25 trillion and Ethereum’s $509 billion market caps.
Related: XRP Breaks Multi-Year Resistance: Analyst Predicts $9.5 to $27 Target Range
Other Analyst Opinions
Meanwhile, this is not the first time EGRAG will be bullish on XRP. Earlier this month, he advised XRP holders to ignore short-term swings, calling recent drops “noise” unless key levels break. He predicted a possible 10x rally from $2.70 to $27 and urged the community to stay focused on long-term bullish trends.
Similarly, Rekt Fencer, founder of X DAO, forecasted that the token could reach $8.50 to $9 by Q4 2025. While this outlook is more conservative than ultra-bullish targets of $22 to $99, it still suggests a possible threefold gain in the next few weeks.
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