Following another #XRP bullish moving average crossover, a market analyst has presented two possible price targets, citing historical context. This commentary, which came from EGRAG Crypto, emerges as XRP sustains its gains from the recent market-wide upsurge.
Now, in the current cycle, XRP first saw a bullish cross in November 2024, leading to the initial 580% surge to $3.4 before the pullback and subsequent consolidation. With XRP now recovering from this consolidation, EGRAG confirmed that a second bullish cross has emerged.
The market analyst suggested that this second cross marks the beginning of the end of the current bull run, as it would lead to XRP’s second leg up. He pointed out that the average duration it took for both cycles to reach their respective tops is 73 days. As a result, he believes this could be the timeline for XRP to hit its top for this cycle.
For context, this 73-day duration leads to early September. As a result, EGRAG suggested that he expects XRP to reach its cycle top in the first or second week of September.
Meanwhile, regarding the price, EGRAG has two targets, drawing inspiration from the last two cycles. Notably, in the 2017/2018 cycle, XRP rallied 1,600% to $3.8. If a similar run occurred now, it could hit $37. However, in the 2020/2021 cycle, XRP surged 585% to $1.96. If it replicates this instead, the top for this cycle will be $15.
