Analyst Forecasts Two Dates For XRP to Reach Its Cycle Top

A well-known analyst has identified two potential timeframes for XRP to peak in the current market cycle. This projection comes amid ongoing market uncertainty, as XRP struggles to maintain stability around the $2 level.

Predicted Timeframes for XRP’s Cycle Top

Market analyst EGRAG Crypto has provided an updated perspective on when XRP might reach its cycle top. His analysis initially suggested that a major price rally for XRP could begin in July 2024, lasting approximately 1,186 days based on the 2021 to 2024 market pattern. However, he asserts that XRP follows a different historical trend, shifting the expected cycle top into 2025.

According to EGRAG, XRP aligns with the 2014 to 2018 cycle, which lasted 1,492 days. Based on this pattern, he projects that XRP could peak in May 2025. However, he also presented an alternative scenario in which XRP’s peak could occur after 1,614 days if measured from its inception. Under this extended timeline, XRP’s cycle top would arrive in September 2025.

EGRAG’s recent reaffirmation of these predictions underscores his belief that despite short-term fluctuations, XRP still has room for further growth in this cycle. His analysis suggests investors could witness a significant price movement within six months.

Short-Term Market Conditions and Key Price Levels

While long-term projections remain bullish, the short-term outlook for XRP remains uncertain. Another analyst, Dom, has emphasized that XRP’s failure to sustain levels above $2.2 has put it in a precarious position. He warned that further downside remains possible if the asset loses support at $2, though he noted uncertainty regarding how deep the retracement could go.

Dom identified the $1.6 price level as a key support zone to monitor should XRP fail to hold its current price range. At the time of writing, XRP has shown signs of recovery, trading at $2.12 after a 5% increase.

Long-Term Projections and Potential Price Targets

While EGRAG did not specify an exact price target for XRP’s cycle top in his latest update, he has previously set ambitious goals for the asset. Among his most notable projections is a target of $27, a figure he has repeatedly referenced as a potential high for XRP in this market cycle.

The market remains divided on XRP’s short-term trajectory, but long-term analyses from prominent commentators suggest that the asset could still experience significant price appreciation. As investors monitor XRP’s movements, these projected timelines provide a framework for understanding potential future price peaks amid the broader market dynamics.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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