XRP Eyes Next Target as Bullish Crossover Sparks 560% Surge

XRP is back in the spotlight after crypto analyst EGRAG CRYPTO highlighted a powerful historical pattern on the weekly timeframe—the bullish crossover of the 21 EMA and 55 SMA.

This technical signal has previously led to explosive price movements in past market cycles and appears to be repeating.

In March 2017, the same bullish crossover triggered a staggering 40,000% rally, marking one of XRP’s most legendary runs. A similar setup in August 2020 resulted in a 750% price surge, confirming the crossover as a recurring bullish catalyst for the token.

While a short-lived spike occurred in April 2023, EGRAG dismisses it as statistically insignificant. The real focus is on October 2024, when XRP once again confirmed a bullish cross between the 21-week EMA and the 55-week SMA. According to EGRAG’s analysis, this move has already fueled a 560% rally, hinting at much larger upside potential if history repeats.

The chart shared by the analyst suggests possible price projections between $9 and $24, depending on how strong this cycle’s momentum becomes. With market optimism rising around XRP’s regulatory outlook and rising on-chain activity, bulls are closely watching whether this technical setup will continue delivering gains.

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If the pattern holds, XRP could be entering the early stages of a breakout similar to previous cycles—positioning itself as one of the top altcoins to watch in the current market.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.