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HomeCrypto NewsMarketAnalyst Shares His XRP Bull Target Using Gaussian Channel, Says XRP Has Not Topped

Analyst Shares His XRP Bull Target Using Gaussian Channel, Says XRP Has Not Topped

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Prominent analyst EGRAG Crypto insists XRP has not reached its top for this cycle, leveraging the Gaussian Channel to share his bull run target.

Notably, XRP and the wider crypto market started a recovery earlier this week, but the momentum has slowed as prices met resistance. Despite the setback, XRP has managed to hold its ground, up more than 2% over the past seven days while most coins turned lower. 

Some analysts now expect a deeper pullback before the next rally, while others argue that the bull run may already be over. EGRAG Crypto disagrees with the latter, suggesting XRP still has room to climb.

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XRP Could Still Rally 244% From Here

In his recent analysis, EGRAG leveraged the Gaussian Channel. He called attention to XRP’s performance in the 2017/2018 bull run, when the coin jumped about 3,700% during its initial major rally to around $0.39. In the current cycle, XRP has only gained around 370%, or about 10% of that earlier move. 

Using this comparison on the channel, he applied the same ratio to XRP’s final surge in 2017, which rose 2,440% to the $3.3 peak. According to him, this calculation points to a price range between $5.50 and $6.00 this time around, which is roughly a 244% increase from where XRP trades today.

XRP 2W Gaussian Channel EGRAG Crypto
XRP 2W Gaussian Channel | EGRAG Crypto

EGRAG also dismissed claims that XRP now delivers weaker returns with each new cycle. Specifically, in 2021, the coin managed a 1,700% rally from bottom to top despite the SEC lawsuit and negative market sentiment. 

Due to this diminishing returns theory, some analysts think this cycle will peak at 1,200%, or around $3.65, but EGRAG disagrees. He argued that the crypto industry now grows in an era of faster technology and adoption, not slower progress. According to him, if XRP repeats the same 1,700% run as in 2021, the price could again reach above $5.

XRP’s Diminishing Downside Pattern

EGRAG also mentioned what he calls the “diminishing downside” pattern, showing how XRP’s corrections have become less severe over time. 

For context, the first major bear market saw a 96% drop, while the second fell by 86%, representing a 10% improvement. According to him, the next bear market could see a 76% decline if the market follows this trend.

Notably, if XRP peaks between $5 and $6, the next cycle’s bottom could form around $1.20 to $1.40. Even if the top lands at $3.65, a bottom near $0.87 would still fit the pattern. He noted that anyone who bought below $0.50 should relax, as they remain in a good position for the next run.

Other Analysts Expect Pullback Before Next Leg Up

Interestingly, another analyst, DustyBC, also argued that XRP still has another leg up, but said the next immediate direction could be bearish. He noted that XRP has shown strong resilience despite most of the market turning red. 

XRP 8h Chart DustyBC
XRP 8h Chart | DustyBC

According to him, XRP completed its first wave, now wrapping up its second, and preparing for the third wave, usually the most powerful stage. His analysis placed XRP’s next move in the $2 to $2.40 range to complete Wave 2 before continuing higher in Wave 3.

Notably, analyst Casi Trades holds a similar sentiment. She pointed out that XRP rejected resistance near $2.68 during the latest market recovery and has since turned bearish. 

Casi identified supports at $2.42, $2.03, and $1.65, warning that breaking below $2.42 could confirm a slide toward $1.65, matching the 0.618 Fibonacci retracement level. Still, she believes this final dip would complete the current correction and trigger a major wave-three rally that could lift XRP toward new highs.

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.

Author

Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

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