XRP Price Prediction: $37 or Bust? Analyst Weighs In
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A crypto analyst, Egrag Crypto, has issued a bold XRP price prediction, forecasting a potential surge to $37. This prediction is based on the historical relationship between the 21-week EMA and the 33-week SMA. Whenever the 21-week EMA has crossed above the 33-week SMA in the past, significant XRP price rallies followed, with gains ranging from 520% to an astounding 6505%. Egrag points to past instances in 2017, 2018, 2021, and 2025 as evidence. Based on this pattern, the analyst suggests conservative targets of $5.71 and $9.57, with more aggressive targets reaching $27 and potentially $37. However, the analysis isn't without caveats. The same indicator can also signal bearish reversals. Past instances of the 21-week EMA crossing below the 33-week SMA resulted in substantial price drops of 72% and 87%. Egrag warns that a similar bearish crossover could trigger a nearly 80% drop from the current local top, leading him to plan a significant XRP sell-off in such a scenario. Currently, XRP's price hovers around $2.34, making it a pivotal moment for both bulls and bears. The analyst's prediction highlights the potential for significant gains but emphasizes the inherent risk and volatility of the cryptocurrency market, urging caution and highlighting the importance of understanding technical analysis before making investment decisions. The crossroads between bullish and bearish signals underscore the importance of careful risk management in the crypto space.
(Source: https://www.newsbtc.com/analysis/xrp/xrp-price-roadmap-to-37/)
