- XRP’s price action mirrors the 2017 cycle, hinting at a potential 2,500% surge, with targets between $27 and $33 by May 2025.
- Large wallet activity reflects shifting sentiment, with recent accumulation signaling renewed confidence among major investors.
- Technical indicators show strong support, and historical patterns suggest XRP could experience a rapid breakout in just 28 days.
EGRAG Crypto showed a high expectation for XRP, having the price surge to $27-$33 even as early as May 2025. Referring to the 2017 cycle, the analysis shows a possible 2,500% increase. It is being predicted by referencing the previous trends and the current price action that is seemingly following the same trajectory. It might be difficult to catch the market at the right time, but the data analysis does provide hints at what to anticipate.
Source: Egrag Crypto
XRP Market Trends and Large Wallet Activity
Recently, Changes in large wallet holdings have been reflected in XRP’s erratic price behavior. The price gradually decreased from February 25 to February 27. This movement indicated increased selling pressure or reduced accumulation from holders. On February 28, the downtrend intensified, pushing XRP to its lowest point for the observed period.
As March commenced, the price stagnated briefly before experiencing a sharp surge on March 3. This upward movement suggested renewed buying interest or a decline in selling pressure. Notably, wallet holdings in the 100 million to 1 billion range mirrored this trend. As prices declined, holdings also dropped, indicating potential profit-taking. However, when the price rebounded, accumulation increased, signaling renewed confidence among large investors.
Source: CryptoSensei
Technical Indicators and Future Outlook
The 21 EMA closing above with minimal wick suggests strong support for XRP. Historically, such formations have preceded upward moves. If the 2017 cycle repeats, XRP could reach the Fibonacci 1.618 level, targeting the $27-$33 range.
Moreover, historical patterns suggest that explosive moves often occur within a short period. If this cycle aligns with past trends, XRP could witness a substantial surge in just 28 days. This potential rally aligns with broader market cycles and increasing institutional interest.
