A new technical analysis by MarktExpert Egrag Crypto emphasizes two important scenarios that can form The next potential XRP -price rally. Based on historical price patterns and critical support levels, the analyst suggests that XRP can be on schedule for a somewhat conservative increase to $ 9.6 or an explosive rally up to $ 33.
XRP Price Reload Signals Path to $ 9.6
In his post issued On X Social Media Highlights Egrag Crypto XRP’s market behavior during the 2021 cycleIn particular, the interaction of the cryptocurrency with the 21 exponential advancing average (EMA) and how it played a role in feeding mass profits. At the time, XRP faced one of the most turbulent periods in its history.
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The US Securities and Exchange Commission (SEC) Legal A sharp drop had activated against Ripple, so that the XRP price was pushed under 21 EMA. This movement disturbed the bullish structure that XRP had supported in previous meetings, which spread uncertainty and fear across the market.
XRP, however, succeeded in the 21 EMA And hold it as a critical level of support. The graph analysis shows that after the cryptocurrency A successful retest performedIt organized a powerful rebound and drove its price by around 414%.
With the same percentage profit on the current market structure of XRP, the analyst presents his first Bull Rally scenario and projects goals that indicate a peak around $ 9.60. His graph analysis shows that the current market setup Looks like the most important conditions observed in 2021Especially with XRP’s recent retest of the 21 EMA on June 9 this year.
The Altcoin is confronted with potential Moonshot up to $ 33
Egrag Crypttos’s second scenario for the XRP price view is modeled Explosive rally during the 2017 cycleWhen the 21 EMA acted as a powerful launch platform for growth. At the time, XRP bounced twice from this important level of support, which made the road clear for a remarkable rally of 1,610%.
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This breakout marked one of the most determining moments in the history of XRP and pushed the active from subdollar levels to one Fresh Athe around $ 3.84 At the height of that bull’s cycle. If XRP repeats the 2021 cycle dynamics in 2025, Egrag Crypto predicts that the measured movement points to a new increase of 1,610%, making the price possibly pushed to a more ambitious goal of $ 33.
Such a rally would represent one of the strongest achievements in the history of XRP, so that it is firmly determined as a striking assets in the market. With the US sec -right case finally ended And XRP who completes its third retest of the 21 EMA this year are the conditions for a potential increase to $ 9.6 or $ 33.
Currently, XRP acts at $ 2.87, have rejected last week With around 5%. While the cryptocurrency succeeded Reclaim the resistance level of $ 3 In short, it did not succeed and now consolidates under this key threshold.
Featured image of Istock, graph of TradingView.com