EGRAG Crypto, a prominent crypto analyst, has shared a detailed analysis of XRP’s Relative Strength Index (RSI) trends on Twitter, predicting a significant price cycle peak in either March or July 2025.
His insights focus on historical RSI behavior, emphasizing key patterns that have occurred twice before in XRP’s market history.
EGRAG identifies a recurring pattern of two RSI peaks that mark the conclusion of XRP’s bullish cycles. These peaks represent distinct phases of market momentum:
Peak 1 – All-Time High (ATH): The first peak symbolizes ATH and indicates a robust rally where market momentum reaches its peak. Historically, this peak has been followed by a correction, signaling the start of a transitional market phase.
Peak 2 – Cycle Top: The second peak is shorter and less intense but remains significant. It marks the cycle’s conclusion and often signals the beginning of a bearish phase.
EGRAG explains that these dual peaks have historically occurred in XRP’s RSI behavior. After the first peak, the RSI dips below the 14-period Simple Moving Average (SMA) before rallying to the second peak.
According to EGRAG, XRP’s RSI on the two-week timeframe has already hit its first peak on December 2, 2024, surpassing the highs seen in 2021. Drawing from historical analogs, EGRAG concludes that the second RSI peak would occur in either March or July 2025.
The analyst provides additional technical guidance, specifying a critical RSI level of 77 on the two-week chart. Maintaining this level is essential to confirm XRP’s bullish momentum. A breach below 77 could indicate a deviation from the expected pattern.
EGRAG outlines an ultra-bullish scenario for XRP. In this case, the RSI would bounce off the 77 level, confirming it as macro support. This could lead to a higher RSI peak than the one observed in December 2024, possibly surpassing the May 8, 2017 levels.
If this scenario unfolds, it could signal a sustained rally for XRP, reinforcing its long-term bullish trend and surpassing historical milestones.
Critical RSI Level: The 77 RSI level is a pivotal support zone. Traders and analysts should monitor this threshold closely to assess whether XRP maintains its bullish trajectory.
Timeline for Second Peak: Based on historical data, March or July 2025 are the most likely periods for the second peak.
Bear Market Signal: Following the second peak, historical patterns suggest the start of a bearish phase. EGRAG advises traders to prepare for potential market shifts post-2025.
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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