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XRP Price Prediction: Historic Bull Signal Reappears, Eyes Set on $9 to $24 Surge
Recently, XRP’s price action has generated significant market attention. On-chain analyst Egrag Crypto observes that XRP could reach $9, and, in a bullish scenario, may even climb to $24.
XRP Price Target Could Reach $24
XRP’s latest technical setup is pointing to the potential for a major rally ahead. According to on-chain analyst Egrag Crypto, the 21-week EMA has once again formed a golden cross with the 55-week SMA—an indicator that has triggered historic price surges for XRP in the past.
(Source: egragcrypto)
Signals Strong Upside Potential
This technical signal has successfully predicted major rallies for XRP multiple times. When it first appeared in March 2017, XRP ultimately soared by 40,000%. Following a similar crossover in August 2020, XRP gained 750%.
Based on these historical trends, the analyst outlined two possible price targets:
- Conservative projection: If XRP repeats the 2020 rally and doubles that move, its price could hit $9.
- Optimistic projection: If XRP achieves even 10% of its 2017 bull run, the price could surge to $24.
Whales Accumulate as Market Sentiment Improves
At the time of writing, XRP is trading at $3.26. If capital continues to flow in and these technical signals hold, the uptrend may become more than just a brief rally. It could indicate the start of a new bull cycle.
For more information on XRP spot trading: https://www.gate.com/trade/XRP_USDT
Summary
Investors are monitoring whether XRP can repeat its standout performances from 2017 or 2020. If history is any guide, XRP could be heading toward record-breaking highs.
Author: Allen
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
* This article may not be reproduced, transmitted or copied without referencing Gate. Contravention is an infringement of Copyright Act and may be subject to legal action.
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