XRPs Future: Analyst Predicts Two Possible Cycle Tops in 2025
- Anlyst EGRAG Crypto prdicts XRP could pk in May or September 2025, following pst cycls.
- XRP struggls bov $2, with mrkt risks pushing ky support lvls to $1.6.
- XRPs drivtivs volum surgd 18.01%, but long trdrs lost $26.14 million in liquidtions.
XRP hs bn riding th wvs of mrkt voltility, nd wll-known nlyst hs offrd frsh insight into whn th tokn might rch its pk in th ongoing cycl. Th forcst rrivs s th cryptocurrncy struggls to hold ground bov $2, fcing rsistnc mid brodr crypto mrkt downturn.
On Mrch 11, XRP slippd to $1.89 but mngd to rclim th $2 thrshold. Dspit this rcovry, brish sntimnt continus to loom. Mrkt nlyst EGRAG Crypto hs rvisitd n rlir prdiction, mphsizing tht th cryptocurrncy could witnss significnt pric surg bginning in July 2024. According to his ssssmnt, if it follows pttrn similr to th 2021-2024 cycl, th uptrnd could lst 1,186 dys.
Two Timelines for XRPs Cycle Top
EGRAG initilly prdictd prolongd upwrd trnd, but h hs sinc rvisd his outlook. H now blivs XRP is moving in lin with historicl pttrn from 2014-2018, which h rfrs to s Cycle A. Dt from his nlysis suggsts tht this cycl spnnd 1,492 dys, longr timfrm thn prviously stimtd.
Bsd on this nw outlook, h hs idntifid two ky months in 2025 whn XRP could rch its pk. Th first potntil cycl top could occur in May 2025, ligning with his shortr cycl stimt. Howvr, if XRP follows th xtndd Cycl A frctl, th tokn might continu its uptrnd for 1,614 dys, pushing its pk to September 2025.
This projction indicts tht th cryptocurrncy still hs room for growth, with th possibility of nothr two to six months of bullish movmnt bfor rching its ultimt cycl high. Whil th nlyst rfrind from spcifying n xct top pric in this prticulr nlysis, h hs prviously highlightd trgt of $27.
Short-Term Struggles and Market Risks
Whil th long-trm pictur pprs promising, XRP is fcing immdit hurdls. Anothr nlyst, Dom, pointd out tht XRPs filur to mintin position bov $2.2 hs lft it in vulnrbl stt. H wrnd tht if th tokn loss th $2 support gin, it could fc dpr pullbck, with $1.6 mrging s ky lvl to monitor.
At th tim of writing, XRP is trding t $2.13, mrking 5.89% rcovry in th pst 24 hours. In th pst 24 hours, drivtivs volum surgd by 18.01% to rch $12.52 billion, whil opn intrst droppd by 5.63% to $2.97 billion. This pttrn suggsts tht spcultiv short-trm trding is outwighing long-trm ccumultion.
Additionlly, liquidtion dt rvls tht $34.18 million in positions wr wipd out ovr th pst dy. Long trdrs took th brunt of th losss, with $26.14 million in liquidtions, comprd to just $6.77 million from short positions. This imblnc points to long squz, likly triggrd by shrp pric dip tht forcd lvrgd trdrs to clos thir positions.
Related Readings | Coinbase Registers with Indias Financial Intelligence Unit
Read more: https://www.tronweekly.com/xrps-future-analyst-predicts-two-possible-cycle-tops-in-2025/
Text source: TronWeekly
