The post Analyst Predicts Timeline For XRP to Reach Its Market Top appeared on BitcoinEthereumNews.com.

Market analyst EGRAG has recently analyzed XRP’s potential price movements, predicting a timeline for when it can reach its market top. The prominent market watcher based his analysis on an examination of historical price cycles and patterns observed in XRP’s performance over the years. Notably, the latest analysis came up as a review of an earlier report. Initial XRP Analysis In the earlier analysis, EGRAG drew attention to two distinct cycles in XRP’s history, labeled Cycle A and Cycle B. He predicted a significant upward movement in XRP’s price, culminating in a potential market top in 2025 after comparing the durations of these cycles and their respective market behaviors. The accompanying chart at the time highlighted the duration and structure of Cycle A, which spanned approximately 1,492 days from peak to peak, leading to a new all-time high (ATH) for XRP.  This cycle, starting in 2013 and concluding with a major rally in early 2017, features a consolidation phase followed by a sharp breakout. EGRAG suggested that the ongoing cycle might mirror this pattern, with XRP potentially entering a similar consolidation phase before a strong upward movement.  According to the previous analysis, the analyst asserted that if history repeats itself, XRP could experience a new ATH around May 2025, marking the end of this predicted Cycle A. Updated View However, in the updated report shared recently, EGRAG introduced a variant perspective. This new perspective measured the cycle from XRP’s inception rather than from the peak.  #XRP: 2025 May – Sell and Go Away? 🤔 For those who’ve been following me, you’ll remember I predicted a pump starting in July 2024, based on the duration of Cycle ‘B’—spanning roughly 1,186 days from peak to peak. 📈⏳ But guess what? 🚨 Cycle ‘B’ no longer applies. So, we’re… pic.twitter.com/EmK1ZhHkMv — EGRAG CRYPTO…

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Filed under: News - @ September 5, 2024 5:22 am