XRP may be approaching a significant upward movement, according to a new analysis that draws on historical price patterns and macro trends. Market analyst EGRAG suggests that the asset is on the verge of completing a recurring six-month pattern that previously led to a substantial price increase. If this trend plays out similarly to the past, XRP could first rise to $17 and eventually rally further to $55.
Current Market Position and Recent Performance
After reaching a multi-year high of $3.30 in January 2025, XRP experienced a sharp downturn as part of a broader market correction. The token fell by 29% in February and recorded a further decline of 2.58% in March. April saw a mild recovery, with XRP stabilizing around $2.20, though it has yet to show strong upward momentum.
#XRP – MACRO Channel ($17-$55) 💪:
We're currently in Candle number 5, and if history is any guide, we could be looking at a MEGA Monthly Candle! Following the same pattern, the target of $17 is definitely in play. 🔥
Now, let’s discuss the MACRO Channel breakout. The measured… pic.twitter.com/Qu7tYGG0fJ
— EGRAG CRYPTO (@egragcrypto) April 30, 2025
Despite the recent stagnation, EGRAG asserts that XRP is forming a familiar pattern within a macro price channel on its monthly chart, one that previously preceded major gains.
The Six-Candle Pattern and Historical Parallels
EGRAG’s analysis points to a repeating formation of six monthly candles that have appeared before previous major XRP rallies. This pattern was most notably observed in 2017, when XRP recorded a sharp rally, followed by a corrective phase and then a sustained upward breakout.
In that instance, XRP experienced the following monthly candle sequence: a sharp decline in July, a rebound in August, another loss in September, minor losses in October, moderate gains in November, and finally a massive spike in December. The final month saw a price increase of over 700%, completing the six-candle structure.
According to the analyst, the same six-month pattern appears to be unfolding again. Starting with a 283% rally in November 2024, the subsequent monthly movements have included moderate gains in December, a sharp increase in January 2025, and losses in both February and March. April closed with a modest gain of 4.84%, making it the fifth candle in the series.
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A Sharp Rise to $17 Followed by a Larger Breakout
Based on historical behavior, EGRAG anticipates that the sixth candle, which is expected in May 2025, will reflect a major upward move. The forecast places XRP at $17, which would represent a gain of approximately 672% from current levels.
More significantly, if XRP reaches this projected price, it would break above the macro channel that has contained its movement for years. EGRAG argues that this breakout could set the stage for further price appreciation.
Should this scenario play out, the next price target stands at $55. This would represent an additional increase of about 223% beyond the $17 projection. The analyst’s view is supported by others in the market, including Cryptominder, who have also identified the $50 region as a potential long-term target.
While XRP’s recent price activity has been relatively subdued, analysts like EGRAG believe that historical trends and technical indicators point to a possible breakout. If the six-candle pattern continues to mirror its 2017 trajectory, XRP could experience substantial gains over the coming months. However, investors should remain cautious, as these projections are speculative and contingent on market conditions aligning with historical patterns.
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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