- XRP’s current cycle mirrors past EMA patterns hinting at a major breakout ahead.
- Price targets range from $12 to $46 based on historical cycle behavior.
- Average forecast places XRP around $30 if the pattern repeats.
A recent technical analysis of XRP’s monthly price behavior has shown that the cryptocurrency may mirror its historical pattern, setting the stage for a possible price movement in the coming months.
The data, shared by EGRAG CRYPTO, breaks XRP’s market action into recurring cycles, each defined by major price volatility around the 21-month Exponential Moving Average (EMA). Based on this structure, the projected upward range for XRP spans from $12 to $46, depending on how closely the current cycle mirrors those from past years.
EGRAG CRYPTO’s review of XRP’s monthly time frame highlights how the token has reacted to the 21 EMA during previous market cycles. During Cycle 1, XRP dipped under the 21 EMA and experienced a 5,500% decline. The EMA received it again, after which the algorithm dropped another 2,500%. The pattern was the same as in Cycle 1, but less intense, opening with a 150% loss, returning near the 21 EMA, and then going down by another 500%.
According to the analyst, the current phase, Cycle 3, shows a similar upward trend. XRP has already dropped below the 21 EMA, followed by a recovery of 430% from its cycle low. The token now appears to be retracing toward the 21 EMA again. If the current price remains above $2, EGRAG notes that the EMA may descend and meet XRP’s price, completing a similar setup to the previous cycles.
$30 as Average Projection Amid Varying Scenarios
The forecast calculation identifies two possible price targets derived from the previous cycles’ second leg of price increases. An aggressive price pattern from Cycle 1 could rally the price of the token toward $46. On the other hand, a conservative Cycle 2 approach sees a potential 500% rise to $12.
Averaging these two estimates results in a projected return of approximately 1,500%, placing the potential future price of XRP near $30. EGRAG CRYPTO emphasized that this target is not a guarantee, but a midpoint simulation based on historical metrics.
In addition to these projections, the chart includes current support and resistance levels at $1.6394 and $1.9850, respectively. XRP was recently trading around $2.2879, above the resistance range. The price zone between $1.60 and $2.00 is expected to be a major buffer in the short term.
The analyst clarified that the projections are based solely on past price behavior and chart patterns, without any implied financial advice. The analysis filters out short-term volatility using longer time frames and mathematical modeling.
