A prominent analyst has predicted when XRP is likely to reach its top for the ongoing cycle.
The projection comes on the back of the prevalent uncertainty within the broader crypto market, as XRP continues to battle the bears at the $2 margin. For context, XRP dropped to as low as $1.89 earlier today, March 11, but eventually recovered to reclaim the $2 mark.
As the bearish price action persists, market commentator EGRAG Crypto recently called attention to a previous analysis he made concerning XRP’s future price trajectory. EGRAG had predicted that XRP could begin a massive price pump from July 2024, emphasizing that the uptrend might last for 1,186 days if XRP follows the 2021 to 2024 fractal.
XRP Cycle Top
A few months after his disclosure, XRP staged an impressive upsurge but remained below the $1 level. However, the analyst noted that the duration of the uptrend would likely extend beyond his earlier projection. According to him, XRP was now following the 2014 to 2018 fractal, which he called Cycle A.
Data from his chart indicates that the uptrend within this Cycle A lasted for 1,492 days, aligning with a more extended period of gains. As a result, he predicted two possible months for XRP’s cycle top, each falling within this year, 2025.
First, EGRAG suggested that XRP could witness its top for this cycle in May 2025, essentially two months later. Nonetheless, he presented an alternate assessment, noting that if he measures the Cycle A peak from XRP’s inception, this will lead to 1,614 days. Should XRP follow this fractal instead, the top could come in by September 2025.
As XRP investors continue to navigate the ongoing uncertainty, EGRAG has recently highlighted this analysis. This indicates that despite the current pullback, XRP still has room for growth, with two or six more months of uptrend in the bag.
XRP Long-Term Target Bullish but Short-Term Position Remains Critical
Though the analyst failed to present what he believes will be the cycle top during this analysis, he had previously predicted several targets for XRP this cycle. One of the most prominent targets is $27, which he has repeatedly championed as a possible price point for the altcoin.
Meanwhile, in the short term, market watcher Dom stressed that XRP’s inability to hold above $2.2 has brought the token back to a dangerous position. According to him, further downside could occur at this point, as XRP is currently hanging by a thread.
The analyst admitted he was unsure of the depth of the downside if XRP gives up $2 but presented the $1.6 price level as an ideal area to watch. At press time, XRP currently changes hands at $2.12, having recovered by 5% today.
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