Crypto Influencer Posts Viral XRP Price Prediction

2025-4-30 14:59

Where could the XRP price be headed latter this year? One of the leaders of Ripple community on X ‘EGRAG CRYPTO’ just updated his XRP price forecast

EGRAG’s chart shows the XRP price moving within a clear ascending channel since 2017. This channel creates important support and resistance zones that have contained XRP’s price movements for years.

The 21-month Exponential Moving Average (EMA) appears as a yellow line on the chart, acting as a dynamic support or resistance level. Historically, XRP has gained significant momentum after closing firmly above this EMA. The first major breakout in 2017 came after 6 months of compression around this EMA.

Currently, XRP has shown 5 monthly candles consolidating above the EMA, potentially mirroring the setup from the previous cycle. The chart directly compares the 6-candle consolidation pattern from 2017 with the current 5-candle consolidation happening now.

Source: X/@egragcrypto Price Targets and Strategy

EGRAG identifies several key price levels in his analysis. The $3.40-$3.41 range represents a critical resistance level from the 2018 cycle peak. Breaking above this would confirm a significant macro shift for XRP.

The analyst suggests $17.38 as a primary target based on historical patterns and projection within the macro channel. This level aligns with the upper boundary of the long-term channel.

More ambitious projections at $27, $36, and $55 appear as purple dotted lines on the chart. These represent extended breakout targets if XRP were to break above the macro channel entirely.

ElementDetailChart TypeMonthly (Macro View)TrendAscending within macro channelEMA21 EMA holding as supportCandle Fractal6-month compression pattern repeating from 2017Key Resistance$3.40 (cycle high), $17.38 (channel top), $27/$36/$55 (extended)Key Support$1.40 horizontal, 21 EMA dynamic, $0.50 long-term baseSentimentBullish structure, watching for breakout confirmationStrategyGradual scaling out from $17–$27–$55 as targets hit

In his accompanying tweet, EGRAG notes: “We’re currently in Candle number 5, and if history is any guide, we could be looking at a MEGA Monthly Candle!” This suggests he believes XRP might mirror its 2017 pattern, where the sixth candle marked the breakout point.

The analyst mentions a gradual selling strategy rather than exiting all at once, showing a disciplined approach to potential profits. “I have my eyes set on $27, but I plan to sell gradually as prices rise,” he states.

Current price at the time of the post sits at $2.22, already above the 21 EMA. The price appears to be compressing near the upper macro channel, which technical analysts often view as a potential pre-breakout zone.

Support levels include $1.40 (previous resistance turned support) and the 21 EMA around $1.80-$2.00, which would serve as first dynamic support if price pulls back.

Read also: We Asked AI to Predict Ripple (XRP) Price in May

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Ripple (XRP) на Currencies.ru

$ 2.0633 (-0.39%)
Объем 24H $3.188b
Изменеия 24h: -3.41 %, 7d: -7.33 %
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Цена в час новости $ 2.157 (-4.34%)

xrp price egrag crypto forecast chart updated

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