2-4-2025 – A distinguished cryptocurrency analyst has set forth a compelling timeline for XRP’s potential resurgence, suggesting the digital asset could eclipse its previous zenith of $3.84, established during the cryptocurrency boom of January 2018. The forecast, presented by EGRAG Crypto, draws upon meticulous examination of historical data patterns and RSI trajectories, pinpointing May to June 2025 as the crucial period for this anticipated breakthrough.
The cryptocurrency’s distinctive twin-peak phenomenon during bull markets has caught the attention of market watchers. This characteristic pattern, first identified by EGRAG Crypto, manifested notably in both 2017 and 2021. The initial surge in June 2017 saw XRP reach $0.3988, accompanied by an RSI reading of 95, before experiencing a temporary decline. Following a period of consolidation, the asset achieved its historic peak of $3.84.
The current market dynamics bear striking similarities to previous cycles, according to EGRAG’s analysis. January 2024 witnessed XRP touching $3.4, with the RSI indicator reaching 84 before retreating to 66. The analyst anticipates a period of contained movement lasting three to four months before a potential surge towards new heights.
Recent trading activity has demonstrated remarkable volatility. The latest session commenced at $2.14, with the asset encountering significant resistance levels. A series of technical indicators, including multiple golden crosses on the MACD, have influenced price movements throughout the period. After initial fluctuations between support at $2.07 and resistance at $2.11, XRP demonstrated resilience by staging a robust recovery to $2.18.
Market sentiment appears cautiously optimistic, despite recent scepticism amongst investors. Technical indicators suggest the asset is currently in overbought territory, potentially signalling an imminent price adjustment. However, strong buying pressure has thus far prevented any dramatic downturn, with support levels holding firm at $2.12.
The digital asset’s journey through previous market cycles offers intriguing parallels to current conditions. During the 2021 bull run, despite regulatory challenges from the SEC’s action against Ripple Labs, XRP demonstrated remarkable recovery capabilities, rebounding from $0.79 to reach $1.97 within a four-month span.
This analysis emerges at a pivotal moment in XRP’s market trajectory, with current price action suggesting a delicate balance between bullish momentum and potential consolidation phases. While technical indicators point towards possible short-term corrections, the broader market structure appears to support sustained upward movement, provided sufficient buying pressure persists.
