XRP has bounced back from the $3 support level and is now trading around $3.20. However, popular crypto trader EGRAG Crypto has spotted a rare chart pattern that doesn’t appear often, but when it does, it usually leads to huge price jumps. In the past, this signal has led to gains of at least 40,000%.
Now, EGRAG believes that if history repeats, XRP could be on its way to a price between $9 and $24.
After last week’s pullback, XRP dropped to around the $3.00 mark, a price level that acted like a safety net. But it didn’t stay there for long. The token bounced back and is now slowly climbing, trading close to $3.20, giving early signs that buyers are stepping in again.
Looking back, XRP saw its first major crossover in March 2017, followed by an eye-watering 40,000% rally before the cycle peak. The next crossover came in August 2020, pushing XRP up nearly 750% at the time.
Now, EGRAG highlights that in October 2024, the 21 EMA has again crossed above the 55 SMA, and since then, XRP has already pumped 560%. While this surge may seem big, history suggests it might just be the beginning.
EGRAG didn’t just spot a pattern, he also looked at how XRP reacted in the past when this same setup appeared. In 2017, XRP saw a huge rally after this crossover. Now, EGRAG says that even if XRP repeats just 10% of that old rally, the price could still jump by 4,000%, pushing it above the $9 mark.
But that’s not the only possibility. If XRP performs just twice as well as it did in 2020, which saw a 750% gain then we could still see a 1,500% move, taking the price close to $24.
The charts EGRAG shared also match this idea. XRP is currently moving within a rising channel, very similar to its past breakout setups.
As of now, XRP is trading around $3.19, showing a small bounce after last week’s dip. Based on the 4-hour price chart ,XRP may climb backto the 21 EMA (Exponential Moving Average), which often acts like a short-term support zone.
This move hints that buyers might be stepping in again after a brief sell-off. The Relative Strength Index (RSI) is now at 47.89, right in the middle, suggesting the market isn’t overbought or oversold, and there’s still room for XRP to climb.
If the price can stay steady above the key $3.00 level, it could give bulls more confidence to push harder
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