XRP Price Prediction: Targeting $27 Based on Historical Cycles

XRP is currently trading around $2.30, showing signs of consolidation after recent volatility. While the broader market remains uncertain, technical patterns

As the broader crypto market continues to move in a holding pattern, technical patterns on the monthly chart suggest that XRP could be gearing up for a significant move.

With recent price action showing signs of consolidation after a period of volatility, and the broader market still in a state of uncertainty, one market watcher is now turning to the long-term trends to identify what could be next for XRP.

Examining the monthly chart patterns and drawing from XRP’s historical behavior, Egrag Crypto has identified what he calls the “Historical Drop Zone,” with potential targets ranging from $12 to $46. These projections are based on patterns observed during previous market cycles, each marked by significant drops followed by powerful rebounds.

“I use a time-series analysis method to identify and quantify the magnitude of these drops and chart them. My analysis is based entirely on data, technical analysis, and the long-term chart structures,” Egrag explains.

“I prefer to use the monthly timeframe to filter out short-term noise and focus on the broader trends. Over long periods, we can identify consistent patterns and anomalies, which are crucial for making informed trading decisions.”

Over the timeframes used, each cycle begins with the price dropping below the 21-month EMA and a steeper decline in the magnitude of the drop.

Cycle 1 saw the price drop 5,500% from the high to low of the move. From this low, the price retraced back to the 21-month EMA before dropping a further 2,500% to complete the cycle.

Cycle 2 saw a 150% drop from the high to low of the move. From this low, the price recovered back to the 21-month EMA before dropping a further 500% to complete the cycle.

The current cycle has seen the token drop 430% from the high to low of the move. The market is now watching for a retracement back to the 21-month EMA. If the token can hold above the $2 level, then the 21-month EMA will descend to meet the price in a critical convergence.

According to historical behavior, this phase is typically followed by another significant drop or price movement as the cycle completes.

Based on the performance of previous cycles, Egrag sees two possible outcomes. If XRP follows the structure of Cycle 1, then the token could reach a low of $46. But if it follows Cycle 2, then the target for this cycle would be closer to $12.

Averaging the two scenarios suggests that a 1,500% gain from here would be typical for this cycle, which aligns with a price around $30. Personally, Egrag sees the price bottoming around $27, which is the midpoint of these historical ranges.

“I’m also an active member of the XRP community, and I share multiple in-depth charts with subscribers to encourage learning and discussion. We keep the topics positive and constructive, focusing on technical analysis and market trends.

“My goal is to empower investors with knowledge and help them navigate the often-high levels of sentiment in the crypto space.”