Recently, the price of XRP has been in sync with the overall Crypto Assets market, stabilizing above $3. Renowned Crypto Assets analyst Egrag Crypto's latest Technical Analysis indicates that the price of XRP is entering a critical phase, which could trigger a rise far exceeding double digits.

Egrag Crypto proposed a 'three-cycle' theory based on the monthly Relative Strength Index (RSI). This theory originates from the patterns that repeatedly appear on the XRP monthly RSI indicator. Each cycle consists of three phases: the first phase sees a significant rise in the RSI, the second phase experiences a pullback, and the third phase concludes with an explosive increase.

Looking back at history, the XRP bull markets of 2017 and 2021 corresponded to the first and second cycles, respectively. Although the rise in 2021 was relatively mild due to the impact of the Ripple lawsuit, it still followed the same pattern.

Currently, XRP is in what Egrag Crypto refers to as the third cycle. According to his analysis, XRP has already gone through the rise and pullback phases, and will next enter the final explosive phase. This could drive the price of XRP to new highs, breaking through the current trading range.

It is worth noting that while Technical Analysis provides valuable insights for investors, the high volatility of the Crypto Assets market means that any predictions carry uncertainty. Investors should be cautious when making decisions and consider multiple factors rather than relying solely on a single technical indicator or analysis.

With the continuous development of the Crypto Assets market, XRP, as a major digital asset, will undoubtedly continue to attract widespread attention regarding its future trends. Regardless of the final outcome, the price movements of XRP may have a profound impact on the entire Crypto Assets ecosystem. #BTC ETF持仓破1530亿美元#