Here’s The Valhalla Gate Key that Could Take XRP to $12 to $23

A notable market watcher has identified what he believes is the “Valhalla gate key” to push XRP to a two-digit price range.

Analyst EGRAG Crypto revealed this in his latest XRP analysis, indicating that the Valhalla gate key is the $3.65 level. Notably, he presented a monthly XRP chart featuring two cycle tops and three mid-cycle tops in relation to the 9-period SMA. According to him, this chart is his favorite, and he usually leverages it to identify XRP’s next move.

XRP Navigates Cycles 1 and 2

Specifically, details from the chart show that XRP tends to hit a mid-cycle top and a cycle top in each bull run, but the timeline has been inconsistent. For instance, in what he calls Cycle 1, XRP first reached a cycle top of $0.0614 in December 2013 before correcting. After this, it then hit a mid-cycle top of $0.0280 in December 2014 after bouncing off the 9 SMA.

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Meanwhile, in Cycle 2, XRP first claimed a mid-cycle top of $0.3988 in May 2017 before retracing. This retracement, which lasted six months, formed a bullish pennant. Interestingly, during the retracement, XRP again retested and bounced off the 9 SMA. Following this bounce, it soared to a cycle top of $3.8 in January 2018.

Notably, XRP again reached a mid-cycle top of $1.96 in April 2021 during the bull run at the time. However, EGRAG confirmed that he does not regard this as a separate cycle. For context, XRP failed to find its full potential during this run, partly due to the SEC lawsuit.

The Cycle 3

Data from EGRAG’s chart shows that XRP formed another mid-cycle top during the November 2024 to January 2025 run in what he now considers Cycle 3. Specifically, XRP reached a mid-cycle top of $3.4 in January 2025 and corrected.

The ensuing correction led to a bullish pennant that lasted for seven months, similar to what happened during the 2017 bull run. During this correction, XRP bounced off the 9 SMA again and then recovered. Now, it has broken above the bullish pennant on the back of the latest upward push that saw it retest $3. 

EGRAG identified this recent bullish run, confirming that XRP has bounced off the 9 SMA and broken above the bullish pennant. According to him, the market is now awaiting its next price movement.

XRP’s Targets Once It Breaches the Valhalla Gate Key

However, the analyst confirmed that XRP would first need to breach the $3.65 level, which aligns with his upper green ribbon. EGRAG calls this mark the “Valhalla gate key” and insists that until XRP hits and closes above this price level, it will not secure a decisive breakout.

Once XRP closes above $3.65 with conviction, EGRAG suggests there are four targets based on two possibilities from the measured move. The first possibility is a full pole breakout. In this case, the normal pole measurement leads to a target of $23, while the conservative pole measurement results in a $15 target.

Meanwhile, the second possibility is a conservative pole breakout. For this, EGRAG says the normal measurement is $16, while the conservative measurement is $12. Overall, he sets an XRP target range of $12 to $23, requiring a 313% to 693% rise from the current price of $2.90.