XRP Next Phase Could Mirror Prior Cycle Breakouts If This Happens
XRP continues to show strength in its long-term price structure. Crypto commentator XRP Update (@XrpUdate) highlighted in a recent post that the asset consistently respects its ascending trend.
He noted that repeated corrections of approximately 50% have historically preceded significant expansions. According to XRP Update, “If macro support holds and $2 is reclaimed, the next phase could mirror prior cycle breakouts.”
He shared a chart from EGRAG CRYPTO (@egragcrypto), another well-known analyst, providing a detailed view of this pattern.
The analysis shows that XRP has undergone three major corrections since 2017, each ranging from -48% to -59%, and one of the rebounds brought substantial gains exceeding 1,000%. The chart emphasizes the importance of the $2 level as a potential trigger for the next growth phase.
Historical Corrections and Growth Patterns
EGRAG CRYPTO’s chart illustrates a consistent repeating cycle. A sizable correction has preceded each significant price increase. The first major correction occurred around 2019, with a 59% drop from peak levels. Following that, XRP rebounded sharply. A second correction of 48% followed in 2021. A similar 48% retracement occurred in 2022, followed by renewed upward momentum.
These cycles indicate that XRP’s market behavior remains aligned with historical trends. Each correction has acted as a consolidation phase, allowing for price resets before strong upward moves. This pattern suggests that if XRP can reclaim the $2 level, it may trigger a growth cycle similar to previous surges.
XRP: Key Support and Resistance Levels
The chart highlights several critical levels. The yellow line indicates the historical range where the price has repeatedly tested support. The red line marks the lowest wick, showing a long-term baseline that the asset has respected. Reclaiming $2 is crucial, as it would confirm market support and open the path for higher targets.
XRP is currently trading at $1.32, and EGRAG CRYPTO’s projections suggest that after holding above $2, the asset could rise toward $13, climbing over 1,000% from the historical baseline.
The analysis also shows that a potential break beyond $13 could extend gains even further, with long-term targets reaching up to $200 on the chart, though this would require sustained momentum and macro support.
The overall structure remains bullish, supported by historical cycles and repeated corrections. Maintaining macro support and reclaiming key levels is essential. If these conditions are met, XRP could replicate previous breakout patterns.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post XRP Next Phase Could Mirror Prior Cycle Breakouts If This Happens appeared first on Times Tabloid.
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