Amidst the fluctuations of numerous cryptocurrency assets, XRP seems to be brewing a quiet yet fierce explosion. **The reappearance of the bullish engulfing pattern on the annual candlestick, will the historical increase of 800% be repeated in 2025?** This time, is it an empty show of strength amidst the noise, or a hidden super cycle?
In the fluctuating sentiment of the cryptocurrency market, XRP's price movement in recent months has been particularly low-key. After peaking at $2.65 on May 12, it has continued to retreat to around $2, currently stabilizing at the $2.21 level.
But it is precisely behind this apparent calm that veteran analyst EGRAG Crypto has captured a rare signal on XRP's annual chart - the bullish engulfing pattern.
What is the annual bullish engulfing pattern? Why is it worth paying attention to?
In technical analysis, a bullish engulfing pattern consists of two candlesticks:
The first small red candlestick represents a downward or weak market;
The second, larger green candlestick completely engulfs the previous red candlestick's body, suggesting a counterattack by buyers and a potential market reversal.
EGRAG points out that since 2016, this structure has appeared multiple times on XRP's annual chart, especially during the 2017 surge of +33,066%, which was triggered by a bullish engulfing pattern.
In 2024, XRP will once again form an engulfing pattern in the 12-month candlestick, with a long duration and clear structure, indicating that the potential upward momentum could be considerable.
This time, 2025 is marked by EGRAG as 'the 13th candle', a super year that may replicate the market trend of 2021.
Target price projections: $13, $17, or $22?
By comparing historical data, EGRAG boldly predicts:
If the 13th candlestick replicates the 800% increase of 2021, XRP's price may reach $17;
In historical trends, three important upward resistance lines have emerged;
The first resistance line is at $13;
The second, stronger resistance line is at $22;
These two price ranges constitute the potential endpoint of XRP's upcoming major upward wave.
Simply put, if XRP breaks through the key level of $3.4 and stabilizes, then a double-digit price is no longer a fantasy. Conversely, if the price falls below $1.85, caution is needed as the bull market may end prematurely.
Is the current consolidation noise? Or the prelude to a major market event?
EGRAG emphasizes that XRP's current oscillation between $1.85 and $3.4 is more of market noise rather than a trend reversal signal. Although this range oscillation causes fluctuations in the mindset of short-term traders, from a macro cycle perspective, it is precisely the stage where main funds are quietly laying out their positions.
This view is also supported by on-chain data. Mlion.ai's whale holding analysis module shows that over the past 30 days, the number of XRP whale addresses (holding over 10 million XRP) has seen a slight increase, and there are no signs of large-scale selling. Funds are patiently positioning themselves, rather than fleeing in panic.
Meanwhile, Mlion.ai's technical structure tracking system indicates that XRP's daily relative strength index (RSI) remains in a neutral range, neither entering overbought nor oversold territory, suggesting that the price is building momentum for the next breakout.
Is it worth laying out a position? The key lies in strategy and rhythm.
For ordinary investors, facing high targets of $13 or $22, one should not be blindly excited. The truly smart approach is to combine real-time data and dynamic analysis to accurately grasp the rhythm:
Using Mlion.ai's candlestick strategy diagram, set phased entry ranges based on important moving averages and volume changes;
With the aid of on-chain capital flow monitoring, capture large capital movements in real-time to prevent being trapped by sudden volatility.
Combine with the price prediction model to dynamically adjust stop-loss and take-profit levels, control drawdowns, and lock in potential profits.
Conclusion:
XRP's annual bullish engulfing pattern may just be a ripple on the surface of the market. But in the eyes of experienced investors, it is a precursor to a storm lurking in the deep sea. Is it $13? Or $22? Everything will be revealed in the next explosive cycle.
True winners never lose their direction in the market's clamor, but arm themselves with data and see the trend with rationality.
Mlion.ai is here to help you capture a clear future amidst the market noise.
Disclaimer: This article is for information sharing only and does not constitute any investment advice. Cryptocurrency assets are highly volatile; please invest with caution.
