🧠 What is happening? Analyst Egrag Crypto has shaken the XRP ecosystem with his new chart "The Chasm Chart", where he projects that XRP could explode first towards $11-$13 and then, launch to $37! 📈🔥
🔎 Key technical points highlighted:
• Three historical cycles: 2017, 2021, and the current one (2025), where each cycle begins after surpassing the 21-month exponential moving average (EMA), a crucial signal of macro trend.
• The “Chasm”: Key resistance line. In the previous two cycles, touching it triggered impressive parabolic rises.
• Examples:
• Cycle 1: Less than $0.01 ➡️ $3.31 (2018)
• Cycle 2: $0.14 ➡️ $1.96 (2021)
• Cycle 3: XRP currently at $3.53 and preparing for the next big play.
🎯 What to expect?
• Next target: $11-$13 (“The Chasm”).
• Bullish scenario: If XRP surpasses “The Chasm”, the projection is a rally up to $37, replicating historical patterns of parabolic growth 🚀🌕
📊 Why is it relevant?
• Logarithmic trends and wave theory: It’s not “pure FOMO”: Egrag uses data, fractals, and repetitions of past cycles, along with the strength shown by the EMA 21 as support, to cement the prediction.
• Potential for a mega bullish explosion if history repeats itself! 😎💎
