Is $XRP on Track for a Surge to $24? A Major Bullish Signal Just Emerged!
XRP is showing signs of a potential breakout, and analysts are buzzing. Notably, top traders like EGRAG Crypto and CasiTrades have pointed out a rare but powerful technical formation: the 21 EMA crossing above the 55 SMA on the weekly chart — a crossover that historically precedes massive price moves.
📊 Technical Signal – The Bullish Crossover
This 21 EMA/55 SMA crossover has only appeared a few times in XRP’s history — but each time, the results were explosive:
🚀 +40,000% rally in 2017
🚀 +750% surge in 2020
🚀 +560% gain since October 2024
According to EGRAG, this signal may just be getting started. Based on previous cycles, XRP could be poised for a 1,500% to 4,000% rally, with potential upside targets:
🎯 $9 (1,500%)
🎯 $24 (4,000%)
💥 Recent Price Movement – Support Holding Strong
After hitting a high of $3.65 on July 18, XRP retraced to retest the $3.00 support level on July 24 — but crucially, it didn’t set a new low. This suggests the formation of a strong base before a potential lift-off.
📈 CasiTrades' Take – Wave 3 Incoming?
Using Elliott Wave Theory, CasiTrades notes that XRP appears to have completed a deep Wave 2 correction, reaching the 0.854 Fibonacci level. If XRP breaks above $3.21 with rising volume, the next target could be:
🎯 $3.82 (2.618 Fib extension and key historical level)
A weekly close above $3.82 could confirm a major breakout and potentially open the path toward the $9–$24 range forecasted by EGRAG.
🔥 Final Thoughts:
All signs are aligning for a possible XRP mega rally:
✅ Rare bullish crossover
✅ Historically reliable pattern
✅ Strong price support at $3
✅ Possible Wave 3 in development
If momentum builds and volume follows, XRP may not stop at $4 — it could be on a trajectory toward $24 in this bull cycle.