XRP Set for a Major Upswing: Could Double Digits Be Next?
Analysts are buzzing with optimism about XRP's potential as it gains momentum in the crypto market.
Egrag Crypto, a well-known crypto analyst, has stirred excitement with his prediction that XRP could reach double digits during the current market cycle. He believes that July 21 could mark the peak of this rally, given the current trajectory.
Egrag’s theory is rooted in historical patterns, noting that XRP previously took 147 days to reach a cycle peak after aligning with the 21 weekly EMA. If the pattern repeats, the upcoming peak could fall on July 21. However, he also leaves room for the possibility that the peak could extend to November 9, 2025, if the 110-day offset remains consistent. Responding to speculation about the token’s price, Egrag hinted that XRP might hit $10 or more, aligning with his earlier forecast of a potential rise to $27 within 60 days.
Egrag also offered insights on XRP’s shorter-term movements, indicating that closing above specific levels like $2.24, $2.30, and $2.47 would indicate increasing strength. A close above $2.70 would be the strongest signal, possibly leading to a push toward $5. His bullish outlook reflects confidence in XRP’s ability to break past these resistance points, setting the stage for a potential new all-time high.
Meanwhile, CasiTrades, another crypto analyst, has shared her own perspective, suggesting that XRP might soon enter a significant upward phase known as Wave 3. She observed that the token recently recovered the 0.786 retracement level at $2.05, which could serve as a strong support. CasiTrades had previously noted the possibility of a drop to $1.90, but recent developments suggest that XRP might have already found its bottom.
CasiTrades sees $2.24 as the next critical resistance, given that it aligns with both local subwaves and the larger macro pattern. If the token pushes through, subsequent targets include $2.70, $3.05, and the former peak of $3.80. According to her analysis, XRP is now in Fibonacci Time Zone 3, a phase where the market could transition from consolidation to a more dynamic upward trend.
Adding to the potential bullish sentiment, CasiTrades pointed out that recent moves, like Coinbase introducing XRP futures, could further fuel the rally. While acknowledging that XRP could face resistance at $2.24, she dismissed the idea of a new low, emphasizing that conditions are becoming increasingly favorable for a breakout.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
