In Brief:
- EGRAG argues XRP could target $13 if historical post-crash performance repeats following major cryptocurrency market liquidation events across previous cycles.
- His analysis uses 1,800% and 1,200% historical gains to calculate an average macro expansion of approximately 1,500% for XRP investors.
- XRP must defend $0.87-$1.10 macro base while overcoming $3.37 resistance before EGRAG’s longer-term bullish projection gains stronger structural support.
Crypto market analyst EGRAG Crypto has outlined a $13 XRP target based on the asset’s performance around previous major liquidation events. According to EGRAG Crypto, XRP delivered substantial macro gains following the COVID market crash and the collapse of cryptocurrency exchange FTX.
His monthly chart compares those periods with the October 10 crash, highlighting a potential pattern across XRP’s long-term market structure. Central to the projection is XRP’s $0.87 to $1.10 price range, which EGRAG identifies as the current macro base.
Holding that area could preserve the structure supporting his projected expansion toward the $13 region. During the COVID crash, approximately $1.2 billion in cryptocurrency positions faced liquidation, based on figures presented by the analyst.
XRP later produced an estimated 1,800% macro increase, with the chart marking a subsequent major price level around $1.86. Moreover, EGRAG identified a similar development surrounding the FTX collapse, which resulted in another major cryptocurrency market liquidation event.
Around $1.6 billion was liquidated during that period, while XRP eventually registered an estimated 1,200% macro expansion. The rally carried XRP toward $3.37, establishing another reference point within EGRAG’s comparison of previous market cycles.
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Historical XRP Gains Support Analyst’s $13 Projection
EGRAG used XRP’s percentage gains following both crashes to calculate the potential scale of another macro expansion. Combining the estimated 1,800% and 1,200% increases produces an average gain of approximately 1,500% across the two periods.
Significantly, EGRAG applies this average to XRP’s current structure rather than linking future returns directly with the scale of market liquidations. His chart labels the October 10 crash as another possible macro reset, with approximately $19.6 billion in reported liquidations.
Consequently, a repeat of the historical average would place XRP near $13 under the analyst’s proposed market structure. EGRAG’s chart specifically marks a projected level around $13.18, representing an increase of approximately 1,500% from the selected base. However, the projection represents a macro scenario rather than an expectation that XRP will rise toward $13 without substantial price fluctuations.
XRP’s $0.87 to $1.10 Base Remains Central to Outlook
Several important price areas remain between XRP’s current base and EGRAG’s projected double-digit valuation. Notably, $3.37 represents a major historical barrier because the level marks the previous cycle peak displayed on the monthly chart.
Breaking above that area would move XRP beyond a significant resistance zone within the analyst’s broader historical comparison. Additionally, EGRAG places considerable importance on the $0.87 to $1.10 range remaining intact as XRP’s underlying macro base.
Holding the zone would support his view that the October crash represented a market reset rather than the broader cycle ending. Conversely, a sustained breakdown beneath this range could weaken the historical structure used to support the projected 1,500% expansion. Ultimately, XRP’s ability to defend its macro base and overcome $3.37 remains central to EGRAG’s longer-term $13 price scenario.
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