The XRP market is again at the center of discussion as crypto analyst Egrag Crypto has identified a pattern suggesting the asset could experience a significant price surge.
According to Egrag Crypto, XRP’s price could reach between $33 and $70 based on historical cycles and percentage-based calculations.
Egrag Crypto shared his findings on social media, highlighting that his analysis is based on technical indicators rather than speculation. He emphasized that the study of Wave 1 across multiple cryptocurrency charts has revealed a strong pattern in XRP, which may indicate a cycle top.
He noted that by applying percentage formulas, he has identified two major targets: Stick 2 and Stick 3.
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Technical Breakdown and Market Implications
Egrag Crypto used a step-by-step process to develop his prediction of XRP price performance. His prediction model consists of studying previous market cycles, current trends, percentage-based forecasting calculations, and the analysis of 50% and 80% potential market fluctuations.
According to him, his targets are based on mathematical correlations and logical reasoning rather than emotional market activities or speculative approaches.
The broader cryptocurrency market keeps XRP subject to unpredictable movements while analysts present bullish predictions. The cryptocurrency market contains two schools of thought about how technical signals influence XRP price changes compared to broader market influences.
However, the volatile nature of crypto markets produces different forecasts regarding XRP’s possible movement.
Skepticism Over Market Manipulation
While Egrag Crypto presents a structured technical analysis suggesting XRP could experience a strong rally, not everyone in the community shares his confidence.
A contrasting view has been put forth by a user known as GoLD MiNDeR!, who dismissed the idea that technical chart patterns influence XRP’s price movements.
He argued that large financial institutions, market makers, and Wall Street traders manipulate the market to maximize profits. His standpoint reveals that these entities use low trading volume on Sunday days to intentionally release assets that create artificial price drops.
The institutions use this approach to acquire assets for discounted prices before reinjecting them into the market, which they have done multiple times, according to his assessment.
GoLD MiNDeR noted that he withdrew his XRP investment at $2.38 to avoid an unreliable market manipulation system. He suggested that trading professionals dispose of their assets before markets achieve stability to obtain entry positions at more favorable prices.
Uncertainty Looms Over XRP’s Future Price Movements
Egrag Crypto’s analysis suggests that XRP could rally to new highs, but skepticism remains strong within the community. While historical trends and percentage-based calculations indicate a potential move toward $33–$70, concerns over market manipulation continue to influence investor sentiment.
With differing opinions on the driving forces behind XRP’s price action, traders must carefully weigh technical analysis against broader financial conditions before making decisions. As volatility persists, the coming months will clarify whether XRP follows historical cycles or if market forces dictate a different outcome.
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