Analyst Highlights 2 Scenarios That Sends XRP Price To $9.6 And $33
A recent technical evaluation by market knowledgeable Egrag Crypto highlights two main eventualities that might form the next potential XRP price rally. Drawing on historic value patterns and significant assist ranges, the analyst means that XRP might be on monitor for both a barely conservative surge towards $9.6 or an explosive rally to $33.
XRP Price Retest Signals Path Toward $9.6
In his publish released on X social media, Egrag Crypto highlights XRP’s market behavior during the 2021 cycle, notably the cryptocurrency’s interplay with the 21 Exponential Moving Average (EMA) and the way it has performed a job in fueling large beneficial properties. At the time, XRP confronted one in every of its most turbulent intervals in its historical past.
The US Securities and Exchange Commission (SEC) lawsuit in opposition to Ripple had triggered a pointy drop, pushing the XRP value beneath the 21 EMA. This transfer disrupted the bullish construction that had supported XRP in earlier rallies, spreading uncertainty and concern throughout the market.
However, XRP ultimately managed to reclaim the 21 EMA and maintain it as a crucial assist stage. The chart evaluation reveals that after the cryptocurrency (*2*), it staged a strong rebound, driving its value up by roughly 414%.
Applying this identical proportion acquire to XRP’s present market construction, the analyst presents his first bull rally situation, projecting targets that time to a peak round $ 9.60. His chart evaluation reveals that the present market setup resembles the key conditions observed in 2021, notably with XRP’s latest retest of the 21 EMA on June 9 this yr.
The Altcoin Faces Potential Moonshot To $33
Egrag Crypto’s second situation for the XRP value outlook is modeled after its explosive rally during the 2017 cycle, when the 21 EMA acted as a strong launchpad for development. At the time, XRP bounced off this key assist stage twice, paving the best way for a exceptional 1,610% rally.
This breakout marked probably the most defining moments in XRP’s historical past, propelling the asset from sub-dollar ranges to a fresh ATH around $3.84 on the peak of that bull cycle. If XRP repeats the 2021 cycle dynamics in 2025, Egrag Crypto forecasts that the measured transfer factors to a different 1,610% improve, doubtlessly pushing the worth to a extra formidable goal of $33.
Such a rally would symbolize one of many strongest performances in XRP’s historical past, firmly establishing it as a standout asset out there. With the US SEC lawsuit finally concluded and XRP finishing its third retest of the 21 EMA this yr, the situations are aligning for a possible surge towards $9.6 or $33.
Currently, XRP is buying and selling at $2.87, having declined in the past week by roughly 5%. While the cryptocurrency managed to reclaim the $3 resistance level briefly, it did not maintain momentum and is now consolidating beneath this key threshold.