Ripple’s cryptocurrency, XRP, is drawing renewed interest in the market following optimistic projections from a notable analyst. EGRAG CRYPTO recently suggested that XRP might repeat its historical cycle gains, potentially reaching prices as high as $9.6 or $33 in the long term. This analysis references substantial rallies experienced in previous years, specifically 2017 and 2021, where XRP saw dramatic increases of 1,610% and 414%, respectively.
The analyst emphasizes the significance of the 21-day Exponential Moving Average (EMA) as a pivotal support level during these past rallies, which was recently re-tested on June 9, 2025. EGRAG CRYPTO remarked, “If XRP continues to respect the 21 EMA as it has in previous cycles, the path toward double-digit targets becomes more realistic,” indicating a possible bullish future for the cryptocurrency.
Currently, XRP’s market price hovers around $2.82, having experienced a notable decline from $3.00 following a sharp sell-off earlier in the week. On September 23, XRP dropped as low as $2.70, leading to nearly $1.6 billion in liquidations within just 24 hours. Despite this downturn, technical signals reportedly suggest resilience in the asset’s performance.
In recent trading, XRP has maintained a range between $2.77 and $2.96 for most of the month, consistently facing rejections when attempting to dip below the $2.77 mark. Analysts point to Bollinger Bands as a key metric, with the midline established at $2.70 serving as strong support for the cryptocurrency.
On a technical level, several indicators are aligning with a more bullish outlook. Weekly charts of Bollinger Bands indicate that XRP may be gearing up for significant movement, with the upper band at approximately $3.54 suggesting potential upward momentum if the asset builds strength. Analysts note that a breakout above $3.16 could serve as a critical signal for a more robust rally.
Furthermore, the 21 EMA continues to provide dynamic support, reinforcing its role from previous bull runs. For many traders, this level is seen as crucial in determining whether XRP’s long-term bullish trend remains viable.
Looking forward, predictions for XRP’s price diverge widely. Some analysts foresee price targets as high as $9.6 or even $33, contingent on historical performance and increased institutional demand. However, there is a cautious sentiment among others, as cryptocurrency price predictions often carry significant speculative risks.
A detailed analysis highlights two main scenarios for XRP, projecting potential targets between $9.6 and $33 based on the repetition of historical market behaviors. Despite the absence of peer-reviewed research to conclusively support technical models such as EMA or Bollinger Bands, these tools remain widely used among cryptocurrency traders. With a market capitalization near $180 billion, XRP’s liquidity positions it as less susceptible to fluctuations seen in smaller altcoins.
In summary, Ripples’ latest developments illustrate a cryptocurrency navigating pivotal market conditions. Despite experiencing a drop below $3.00, the convergence of technical signals and historical patterns could still pave the way for a resurgence. While the prospects of hitting price targets of $9.6 or $33 remain speculative, the resolution of the SEC lawsuit and the retention of significant technical support levels indicate that Ripple XRP is back on many investors’ radar.
