Market Specialist Predicts Timeline for XRP to Reach $3.8 Again

A prominent market specialist has predicted a possible timeline for XRP to reclaim its all-time high despite the ongoing bearish phase.This recent prediction, which came from analyst EGRAG Crypto, cites historical data from XRP's Relative Strength Index (RSI) chart. Interestingly, EGRAG's projection hinges on the assumption that XRP often claims two price peaks during bull runs.XRP Often Sees Two PeaksAccording to the analysis, the second peak occurs weeks after the first one and typically represents greater heights when compared to the first peak. Notably, the recent commentary comes as XRP continues to battle bearish pressure, now changing hands at the lower ends of the $2 psychological mark.As the bearishness persists, especially after the drop from the $3.4 yearly peak in January, EGRAG believes a second top will likely occur, possibly exceeding the current all-time high. However, to ascertain when this second peak will materialize, the market commentator leveraged historical patterns from XRP's RSI on the monthly chart.Historical XRP RSI DataWhile the momentum indicator often highlights changes in XRP's price movements, EGRAG also indicates when XRP peaks will occur during a bull run. According to him, the RSI typically collapses after the first XRP bull run peak and skyrockets again when the second peak occurs. This trend occurred during the 2017 and 2021 bull runs, and EGRAG is confident that this historical context can serve as a reliable indicator for when XRP will hit its second peak in this bull run.

XRP Monthly RSI | EGRAG Crypto

Particularly, in 2017, the monthly RSI soared to 95 when XRP hit an initial peak of $0.3988 in June. As the price pulled back and consolidated, the RSI also dropped to the 66 level in September and remained within this range for three months. This resulted in XRP reaching the second peak of $3.8 in January 2018, or 91 days later.Similarly, during the 2021 bull run, XRP first hit a peak of $0.79 in November 2020, with the Rain rising to 65. However, as it dropped 67% in December, coinciding with the SEC's lawsuit against Ripple, the RSI also crashed to 47.24. XRP eventually recovered to a second peak of $1.96 in April 2021, but this occurred after four months or 120 days.Timeline for XRP to Hit Second Peak?Interestingly, XRP's monthly RSI has again crashed to the 66 range, as was the case in 2017, amid the ongoing correction. For context, when prices soared to the initial peak of $3.4 in mid-January, the RSI had spiked to 84. With the recent drop, EGRAG believes history is repeating.Citing this historical precedent, the analyst believes XRP's RSI would spend around 90 to 120 days in bearish territories before it recovers, pushing XRP to the second peak. This suggests that XRP could witness a run to its second peak in May or June 2025.While EGRAG failed to predict any price for the second top during this analysis, he had, in previous times, suggested that XRP could hit $27. Earlier this month, he projected that XRP could run to $27, citing what he termed the Kangaroo phase. Meanwhile, XRP currently trades for $2.07, down 3% in March. Market analyst Dom pointed out that the $2.2 mark, which previously served as support, has flipped to resistance. According to him, the structure remains bearish untill XRP turns this level back to support.

XRP 6h Chart | Dom

Text source: The Crypto Basic

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