XRP Rally to $17.5 Looms as Chart Pattern Repeats

XRP rally may be closer than many anticipate, according to a recent market analysis from the well-known chartist EGRAG Crypto. His latest insights suggest that XRP could be gearing up for a steep climb to $17.5, based on a historical price pattern that appears to be unfolding once again.

EGRAG’s technical evaluation centers around XRP’s interaction with the 21-week exponential moving average (EMA), a crucial metric that has historically served either as dynamic support or resistance, depending on market momentum. By comparing current market activity to performance patterns from the 2020/2021 cycle, EGRAG believes XRP is replicating the setup that catalyzed major price surges in the last bull run.

During the first quarter of 2020, XRP dipped below the 21-week EMA, reaching a long-term low of $0.1140 in March as the broader crypto market faced a sharp downturn. This decline turned the EMA into a significant resistance level, halting XRP’s advance for nearly five months.

However, in late July of that same year, XRP broke above this resistance. That breakout ignited a sustained rally that pushed the token to $0.79 by November 2020, marking a massive 592% rise from its March low. Despite a brief cool-off period following this peak, XRP entered a consolidation phase where it found pivotal support on the 21-week EMA, retesting it multiple times without breaking lower.

This pattern of using the EMA as a springboard repeated in early 2021. After bottoming at $0.3684 in February, XRP soared again, reaching a new high of $1.96 by April 2021. This move represented a 432% gain within just two months. Despite skepticism from several traders at the time, XRP delivered quantifiable performance during the height of the 2021 run.

EGRAG now argues that XRP is en route to mirror that dual-surge structure. In November 2024, XRP experienced a Trump-led market rally, enabling it to breach the 21-week EMA much like it did in 2020. This surge carried the token to a $3.4 peak from a base level of $0.50—an off-the-charts 580% increase.

Post-rally, the asset witnessed a correction in February 2025 and is presently trading within a tight consolidation range. Notably, XRP continues to test the 21-week EMA, and once again, like in previous cycles, this level is acting as a structural support zone.

As per EGRAG’s latest projection, XRP could now be entering the second phase of its rally. His analysis indicates a possible rise to $17.5, translating into approximately a 695% appreciation from the current level of around $2.2. He attributes this projection to the consistent relationship between historical EMA bounces and subsequent price explosions, reinforcing his bullish stance.

As of now, XRP is trading at $2.12, recording a 5.42% gain over the past week despite starting the week with notable losses. While investor excitement is growing around the possibility of a breakout, EGRAG cautioned against trying to predict the exact timing of the rally, emphasizing the unpredictable nature of crypto markets.

Related: Expert Advice: Sell XRP If You’re Confused

Whether or not XRP reaches the anticipated $17.5 mark, current technical indicators suggest that traders should keep a close eye on its interaction with the 21-week EMA, which has proven to be a decisive pivot point in past bull markets. If market history is indeed repeating itself, XRP may yet surprise the doubters once more.