XRP (XRP) Could Be Anywhere from 90 to 120 Days Away from a New All-Time High

Ripple (XRP) could be anywhere from 90 to 120 days from a new all-time high. In an X post on Friday, Egrag pointed out that the prediction is based only on following several RSI patterns of token in several past market cycles.

Ripple (XRP) could be anywhere from 90 to 120 days out from a new all-time high, according to an analyst at Egrag, who made the prediction in an X post on Friday.

The analysis is based on several RSI patterns of the token in several past market cycles.

Analyst Claims Two Trending Points

During bull runs, XRP exhibits two trending points; a first one and a second one. In 2017, the second peak was recorded 120 days from the first one. By 2021, it re-emerged approximately 90 days later. These timelines form the basis of the current projection which implies the same trends of behavior in the next similar durations.

From the chart provided by Egrag, there are similar RSI patterns that can be observed to have coupled-up with price increases in earlier cycles. Based on the present RSI movement in comparison to past rally’s, the analyst concludes that XRP may be near another major price level. However, it is essential to note that no specific price level was given by the author in the post.

Hence, it may take between 90 to 120 days and this possibility is well illustrated through the use of historical data. Market timing is then defined specifically as the number of previous market cycles that it will take before the market returns to its starting point in their marketing model or follows a different timing pattern.

Uncertain Path Ahead

The analysis focuses on RSI trends, without considering external factors like regulation or macroeconomic trends, which could influence crypto price trends.

Additionally, other aspects could contribute to the volatility of XRP/USD besides the RSI such as the volume, sentiment or legal issues concerning Ripple Labs.

As of press time, XRP is changing hands at $2.19, showing a 5.50% decrease over the past 24 hours. Traders and analysts may continue to observe the token for several weeks to determine whether the current conditions are indicative of the state portrayed in the RSI-based model.