Keynote
- EGRAG Crypto expects the price of XRP to cite the same behavior as 2017 and record $ 27.
- The fourth largest digital asset, XRP, requires more than $ 2.10 to maintain an optimistic outlook.
- Inflowing and network activities in institutions suggest that market trust is increasing.
A prominent digital asset analyst EGRAG Crypto has shared a bold prediction of ripple -connected cryptocurrency XRP. He said the main price hike could be on the horizon.
According to this update, investors are closely monitoring technical indicators and recent trends similar to XRP’s remarkable 2017 rally.
XRP and 2017 cycle correlation
EGRAG Crypto shared a new chart with X’s followers, suggesting that XRP follows a pattern similar to the 2017 cycle. At the time, the coin experienced a sharp and dramatic price increase.
#xrp -$ 27 Then $ 120 đź’°:
I’m convinced that it reflects the 2017 cycle, but the timing may be delayed or accelerated.
As I approached Wave 3 this summer, I believe that Wave 4 will be developed for four years. pic.twitter.com/brjqdzrnqb
-Egrag Crypto (@egragCrypto) April 24, 2025
EGRAG mentioned that XRP is approaching the end of Wave 3 in the Elliott Wave pattern. Based on market awareness, if this analysis turns out to be accurate, the price can soon rise to about $ 27.
He also pointed out the previous cycle as the basis of his prediction, and I think that the Cryptocurrency market can enter another stage.
Since Wave 3, he expects to move slowly for the next few years. If this is played, it can lead to about $ 120 long peak at the next major cycle.
In X’s second post, EGRAG has released the main levels that XRP’s price must be maintained to maintain the course. He emphasized that XRP should not be close to the index of the index on the 21st, and should be poured from $ 2.10 to $ 1.95 in a high range.
#xrp -Bloo Channel: 🔵
21 Do not close under the EMA!
đźš« There is no finish of less than $ 2.10!
đźš« It does not close to $ 1.95 or less!#XRPFAMILY Keep it steadily and strong. Together we rise pic.twitter.com/sceocc8ix0-Egrag Crypto (@egragCrypto) April 24, 2025
This level is consistent with the current support. In the context, TradingView Data shows that XRP is testing $ 2.7265 and testing $ 2.
It is worth noting that the prospect of this strength occurs when some encryption experts make a bold prediction of the future of XRP. For example, a prominent lawyer, John Death, said XRP could overturn Ether Lee by the end of the year.
DEATON, representing the XRP holder in a clear residue, believes that the coin is set up to overturn Ether Leeum by quoting case resolution and network activities.
You can see the XRP price catalyst
In the previous update, ALI Martinez, an encryption analyst, shared insight into XRP’s price behavior. According to Martinez, XRP has formed reverse head and shoulder patterns on a one -hour chart since March 29, which is generally considered strong.
$ XRP It appears to form a reverse head and a shoulder pattern, and potentially, you can set the steps of the strong breakdown for $ 2.70. pic.twitter.com/lnhra0zuqv
-Ali (@ali_Charts) April 23, 2025
Martinez believes that if XRP can destroy the neck line resistance to $ 2.40, it can increase to $ 2.70. According to the press time, the XRP price has been traded at $ 2.15, according to the CoinmarketCap data, down 5.14% over the last 24 hours. Despite this decline, the wider investment data is still positive.
Coinshares reported that XRP -related investment products have been $ 37.7 million last week. The influx of annual inflows is currently traced with a total of $ 224 million, with a small margin. In contrast, Ether Leeium had a $ 26.7 million leak, and Bitcoin lost $ 6 million in the same period.
The performance of XRP is attracting attention in the market where Bitcoin and Ethereum are losing momentum.
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disclaimer: Coin speakers are doing their best to provide a prejudice and transparent report. This article aims to provide accurate and timely information, but should not be considered financial or investment advice. Since market conditions can change rapidly, it is better to check the information and consult with experts before making a decision based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist, and is integrated worldwide with the general acceptance of emerging technology, loving writing about the actual applications and innovation of blockchain technology. His desire to educate people for Cryptocurrencies encourages his contribution to famous blockchain media and sites.