Prominent market analyst EGRAG Crypto recently explained why he believes XRP is on track to reach a double-digit price.
In his latest price analysis, he highlighted a pattern observed during the 2020/2021 market run, which eventually led to a follow-up rally to the $1.96 high in mid-2021. EGRAG suggested that this pattern is playing out again in the current cycle, predicting a possible uptick to $17.5.
Specifically, this pattern involves XRP’s interaction with the 21-week exponential moving average (EMA), which has over the years acted as either resistance or support, depending on the prevailing market trend.
#XRP – Why $17.5 Is a Simple Yet Powerful Target! :🎯
Looking back at the 2021 cycle, many underestimated #XRP’s massive Pumps but the numbers tell a different story. 📊✨
By examining the percentage moves from various pumps in relation to the Exponential Moving Average (EMA),… pic.twitter.com/19F9gR30sZ
— EGRAG CRYPTO (@egragcrypto) June 25, 2025
XRP Historical Run from 2021
Historical data indicates that in early 2020, XRP slipped below the 21-week EMA, eventually dropping to a cycle low of $0.1140 in March 2020 amid a consistent price collapse. As a result of the slip below the 21-week EMA, this moving average turned to resistance, posing a roadblock to XRP’s breakthrough for 19 weeks.
However, XRP eventually conquered the resistance in late July 2020. Following the breakout, the price rally persisted over a few months, with XRP soaring to a peak of $0.79 by November 2020. This peak represented a 592% increase from the $0.1140 low from March 2020.
Nonetheless, the roadblock at the $0.79 peak led to a pullback, with XRP entering into a consolidation phase for several weeks. During this consolidation period, XRP continuously retested the 21 EMA, leveraging it as support.
Meanwhile, after reaching a low of $0.3684 in February 2021, XRP recovered to stage a second rally. This second rally pushed XRP to a new peak of $1.96 by April 2021, in the heat of the 2021 bull run.
This second top represented a 432% increase from the $0.3684 low in February of that year. According to EGRAG, during the 2021 run, several individuals underestimated XRP’s rally. However, the numbers it boasted told a different story.
XRP Appears to be Repeating the Same Pattern
EGRAG’s chart shows that XRP appears to be repeating the same pattern. Specifically, XRP broke above the 21-week EMA during the Trump-led market-wide upsurge last November. Like in 2020, this breakout led to a peak of $3.4, representing a 580% uptick from the $0.5 price level from early November 2024.
However, following this peak, a pullback occurred in February, and XRP now trades within a consolidation phase. This consolidation also resembles the range-bound phase from the previous cycle, as XRP has consistently retested the support at the 21-week EMA.
EGRAG believes XRP is on the verge of repeating the second rally from 2021. According to his projection, this second uptick could push XRP price to a new peak of $17.5, representing a 695% rise from the current $2.2 price baseline. According to him, he arrived at this price by observing the surges from various rallies in relation to the 21 EMA.
Currently, XRP changes hands at $2.12, up 5.42% this week after what appeared to be a bloody weekend last week. When asked about the time he expects XRP to begin the second rally, EGRAG warned against trying to time the market.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
