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XRP has organized an impressive recovery to recover the price level of $ 2 after falling to a minimum weekly of $ 1.657 in a steep midweek correction. The rebound arrives in a Crucial time for the cryptocurrency, with Analysts who pay more attention to the behavior of historical prices and to the bullish technical models. Among these is Egrag Crypto, a popular XRP analyst on X, who believes that the cryptocurrency could be on the cusp of a monumental wave that recalls its previous Toro cycles in 2017 and 2021.
The power of the cycles of the time and the exponential mobile medium
Egrag’s The technical analysis is concentrated On a recurring structure observed in the past cycles of XRP, using the exponential average average at 21 periods (EMA) and the mobile average at 33 periods (MA) on the biseptimanal period. According to his analysis, which was revealed on the Social Media X platform, both the 2017 rallies and 2021 were preceded by similar technical configurations: a background process that has lasted about 770 days followed by a bullish inversion.
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These phases have been marked by those that described as “explosion top”, in which XRP recorded parabolic earnings after rebounding on the medium -sized exponential mobile 21 and 33. The current market structureHe observed Egrag, strictly aligns with those previous cycles. After a prolonged bearish tendency and a second “bearish cross” recorded in 2022, XRP has moved above both 21 EMA and 33 mA.
In his opinion, this lays the foundations for a similar breakout scenario, which could take place before the end of 2025. Egrag uses this model to suggest a time sequence of about 770 days from the last main crossover at the beginning of 2022, positioning the target projected around 29 September 2025.
XRP can go up to $ 45
Interestingly, the forecast of Egrag prices based on the premise of how a similar movement of 2017 or 2021 can take place for XRP. In 2017, XRP recorded a demonstration of about 2,700%and in 2021, a wave slightly lower than about 1,050%. By mapping these earnings on the current price structure, Egrag has foreseen two potential objectives: a more conservative level of $ 19 and a level of $ 45 in bold. Between these two objectives it is a mid -range goal of $ 27 which previously favored.
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However, the analyst warned that while the models of graphs offer information, they are not perfect predictors. With his own words, “he rhymes exactly? No, because if it were so easy, everyone would be a multimilionary”. However, the emotional models of the participants in the market, of human reactions and behaviors tend to repeat to create opportunities in which a previous price action could take place again, even if not 100%.
The analyst concluded his analysis with a strategic note for long-term owners and short-term traders, he considers a Sell-Sell-Merage approach (DSA) When price XRP starts to climb.
At the time of writing writing, XRP is exchanged at $ 2.04, with an increase of 2.6% in the last 24 hours.
In the foreground image by Adobe Stock, TradingView.com graphic