The post Here’s Why an XRP Rally to $17.5 is Now on the Cards appeared on BitcoinEthereumNews.com.

Prominent market analyst EGRAG Crypto recently explained why he believes XRP is on track to reach a double-digit price. In his latest price analysis, he highlighted a pattern observed during the 2020/2021 market run, which eventually led to a follow-up rally to the $1.96 high in mid-2021. EGRAG suggested that this pattern is playing out again in the current cycle, predicting a possible uptick to $17.5. Specifically, this pattern involves XRP’s interaction with the 21-week exponential moving average (EMA), which has over the years acted as either resistance or support, depending on the prevailing market trend.  #XRP – Why $17.5 Is a Simple Yet Powerful Target! :🎯 Looking back at the 2021 cycle, many underestimated #XRP’s massive Pumps but the numbers tell a different story. 📊✨ By examining the percentage moves from various pumps in relation to the Exponential Moving Average (EMA),… pic.twitter.com/19F9gR30sZ — EGRAG CRYPTO (@egragcrypto) June 25, 2025 XRP Historical Run from 2021 Historical data indicates that in early 2020, XRP slipped below the 21-week EMA, eventually dropping to a cycle low of $0.1140 in March 2020 amid a consistent price collapse. As a result of the slip below the 21-week EMA, this moving average turned to resistance, posing a roadblock to XRP’s breakthrough for 19 weeks. However, XRP eventually conquered the resistance in late July 2020. Following the breakout, the price rally persisted over a few months, with XRP soaring to a peak of $0.79 by November 2020. This peak represented a 592% increase from the $0.1140 low from March 2020. Nonetheless, the roadblock at the $0.79 peak led to a pullback, with XRP entering into a consolidation phase for several weeks. During this consolidation period, XRP continuously retested the 21 EMA, leveraging it as support.  Meanwhile, after reaching a low of $0.3684 in February 2021, XRP…

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Filed under: News - @ June 26, 2025 10:28 pm