XRP is showing short-term weakness with a recent drop to $1.64 after briefly touching $3, now stabilizing around $2.01.
A bullish crossover between the 21-day EMA and 33-day MA aligns with historical patterns that previously led to major rallies.
Price targets between $19 and $45 are being considered if XRP repeats past cycle behavior, with $27 as a conservative estimate.
Ripple (XRP) is facing a wave of short-term price turbulence, but long-term projections remain highly bullish. Despite a 5% drop over the past week and an 8% decline in the last 30 days, XRP continues to capture investor attention as historical patterns hint at a massive breakout in the next market cycle.
Currently, XRP is trading at $2.01, with a 24-hour trading volume of $8.12 billion and a market cap of $117.01 billion. The token saw a slight 0.41% decrease in the last 24 hours. Its recent rally to $3 was short-lived, as the price sharply corrected to a low of $1.64 before bouncing back.
Ripple (XRP) Price Forecast: Short-Term Volatility, Long-Term Target Set at $19 to $45 27
Bullish Crossover on XRP Sparks $19$45 Targets
Crypto market strategist EGRAG CRYPTO has outlined a compelling bullish scenario for XRP, based on historical data and technical indicators such as the 21-day Exponential Moving Average (EMA) and the 33-day Moving Average (MA).
Men lie, women lie, but charts dont, says EGRAG, emphasizing that while past cycles dont repeat exactly, they often follow similar psychological and structural patterns.
XRP appears to be forming a curving bottom that resembles patterns seen in previous bear markets, aligning with a 777-day cycle. This structure, along with a bullish crossover between the 21-day EMA and the 33-day MA, has historically signaled a potential trend reversal.
Looking back at past market cycles, XRP found strong support at the 21 EMA in 2017 before launching into a parabolic rally. Similarly, in 2021, the price surged after breaking above both moving averages, leading to the cycles blow-off top.
Ripple (XRP) Price Forecast: Short-Term Volatility, Long-Term Target Set at $19 to $45 28
If the token repeats these historic moves, price targets of $19 to $45 are possible, representing a 1,050% to 2,700% gain from current levels. EGRAGs conservative target remains $27, though he advises caution and encourages Dollar-Sell-Averaging (DSA) for investors needing liquidity.
XRP Community Remains Strong Despite Market Shakeups
While the tokens price has struggled in the short term, its loyal XRPFamily continues to bet on a long-term breakout. Market sentiment remains divided, but technical charts and past performance support the case for a major upward move.
Ripples legal battle with the SEC may be winding down, and with increased institutional interest in blockchain payment systems, the token remains a top contender for long-term gains.
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