Ripple's XRP price has experienced a period of quiet trading for several months, a situation that some analysts view positively. EGRAG CRYPTO, a prominent analyst, suggests that the long-term price structure for XRP remains intact, and the market may be underestimating its future potential. This outlook indicates a possible 2.4x increase from current trading levels, with a projected target range of $5.50 to $6.00 if the current cycle mirrors historical patterns.
Cycle Analysis Driving the XRP Price Target
A significant component of EGRAG CRYPTO's thesis involves a comparison between XRP's past cycle and its current trajectory. During the 2017-2018 period, XRP saw a price rally exceeding 3,700%. In the current cycle, the price increase to date is approximately 370%, which represents about 10% of the earlier expansion.
If XRP's price continues to follow this 10% pattern relative to the final stage of the cycle, the mathematical projections support a move of approximately 2,440% from the bottom to the peak. These figures align with the projected price range of $5.50 to $6.00. The 2-week Gaussian Channel continues to support this scenario, provided XRP maintains its position within the established structure.
Furthermore, some market participants argue that XRP has already reached its peak for this cycle, anticipating smaller future returns. EGRAG CRYPTO counters this view by highlighting that the previous cycle was significantly impacted by the ongoing SEC case, which constrained upside potential and deterred new investor interest.
With regulatory pressure having eased and the asset now trading with greater clarity, EGRAG CRYPTO anticipates price action that reflects a growing technological trend rather than diminishing momentum. Applying the growth model from the previous cycle would again suggest a price target exceeding $5 per token.
XRP's historical bottoming points have also shown improvement with each subsequent cycle. This pattern typically signifies increased investor confidence and stronger underlying demand for the asset.
Even if the next bear market occurs after a rally towards the $5 or $6 mark, the anticipated correction is likely to leave XRP's price significantly above previous lows. This type of price action is a key indicator for long-term investors, suggesting the asset's maturation in the market.
Key Resistance Level for XRP
Currently, XRP's price remains below a significant multi-year resistance zone. This same zone acted as a ceiling during XRP's peaks in 2018 and 2021, and the asset is again testing this resistance level.
When a price level holds for an extended period without a structural breakdown, the underlying pressure often intensifies. Historically, a breakout above such a range has led to rapid price expansion, leaving traders with limited time to react.
Despite this resistance, the overall market setup remains constructive. Long-term support levels appear secure, market volatility is low, and the cycle analysis continues to point towards higher price targets. If XRP's price performance mirrors its behavior in earlier cycles, the anticipated explosive phase of the trend may still be ahead. A decisive breakout above the current resistance is needed to confirm the next phase of its upward trend.