#ArbitrageTradingStrategy A market analyst believes XRP is on the verge of a major price rally that could propel the token to double-digit levels, following a successful retest of a key exponential moving average (EMA).

This forecast comes amid XRP’s latest recovery momentum, supported by a broader uptrend in the crypto market. While Bitcoin (BTC) continues to reach new all-time highs, XRP has also shown strong performance, climbing 14.42% in the past week to reclaim the $2.5 level.

Technical analyst EGRAG predicts that XRP may resume its uptrend, drawing on historical data involving the 21-period EMA on the biweekly chart. According to EGRAG, when XRP breaks above this EMA and later successfully retests it as support, it often triggers a renewed upward movement.

This pattern has occurred twice in XRP’s past. The first instance took place in March 2017, when XRP broke above the 21 EMA after nearly two years trading below it. Following the breakout, XRP surged 7,085% to $0.3988 in May 2017 before facing resistance and pulling back. After several months of consolidation, XRP retested the 21 EMA as support. The support held, and the token launched a second rally, rising 1,400% by January 2018.