- XRP’s 21 EMA retest could lead to $9.6 or $33.
- Historical gains suggest potential 1,610% surge for XRP soon.
- Key support levels point to XRP price targets of $33.
XRP enthusiasts are closely watching the cryptocurrency’s price movements after a recent analysis highlighted two key scenarios that could potentially propel XRP to significant price levels, specifically $9.6 or $33.
According to crypto expert Egrag Crypto, these price targets are rooted in historical trends, particularly the cryptocurrency’s interaction with the 21 Exponential Moving Average (EMA), a crucial support level that has influenced XRP’s past rallies.
Historical Patterns Suggest a Strong Potential for Gains
Looking back, XRP’s price action in 2017 serves as a key reference. At that time, XRP bounced off the 21 EMA twice, leading to a remarkable 1,610% surge. This historical gain set the stage for one of the most impressive price rallies in XRP’s history.
Egrag Crypto points to this as a potential model for future price movements, as the EMA acted as a solid foundation for the cryptocurrency’s rise.
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In comparison, the 2021 cycle painted a different picture. Amid the challenges posed by the SEC lawsuit, XRP experienced a drop below the 21 EMA, a level that traditionally acted as support.
Despite this setback, the cryptocurrency regained momentum after closing above the EMA and successfully retesting it. This retest led to a 414% price increase, further reinforcing the importance of the 21 EMA as a pivotal support level for XRP’s price trajectory.
The Path Forward: Targeting $9.6 or $33
Building on these historical gains, Egrag Crypto suggests that XRP is currently at a critical juncture. The recent retest of the 21 EMA on June 9, 2025, could set the stage for another significant upward move. If XRP follows the same pattern as in 2017 and 2021, the cryptocurrency could see a rally similar to previous cycles. With projected increases of 1,610% and 414%, this could push XRP to price levels of $9.6 or even $33.
These scenarios are not without their risks, as the cryptocurrency market is highly volatile. However, the historical performance of XRP in relation to the 21 EMA gives a sense of optimism. Investors are now eagerly watching for any signs that could confirm these potential price moves.
Egrag Crypto’s analysis has reignited discussions within the XRP community about the coin’s future. As attention shifts to the upcoming price action, the focus remains on whether XRP can repeat the past and reach new price highs. The market’s response will be crucial in determining if XRP can hit these ambitious price targets of $9.6 or $33 soon.
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