XRP Price Target Could Reach $24

XRP’s latest technical setup is pointing to the potential for a major rally ahead. According to on-chain analyst Egrag Crypto, the 21-week EMA has once again formed a golden cross with the 55-week SMA—an indicator that has triggered historic price surges for XRP in the past.

(Source: egragcrypto)

Signals Strong Upside Potential

This technical signal has successfully predicted major rallies for XRP multiple times. When it first appeared in March 2017, XRP ultimately soared by 40,000%. Following a similar crossover in August 2020, XRP gained 750%.

Based on these historical trends, the analyst outlined two possible price targets:

• Conservative projection: If XRP repeats the 2020 rally and doubles that move, its price could hit $9.
• Optimistic projection: If XRP achieves even 10% of its 2017 bull run, the price could surge to $24.

Whales Accumulate as Market Sentiment Improves

At the time of writing, XRP is trading at $3.26. If capital continues to flow in and these technical signals hold, the uptrend may become more than just a brief rally. It could indicate the start of a new bull cycle.

For more information on XRP spot trading: https://www.gate.com/trade/XRP_USDT

Summary

Investors are monitoring whether XRP can repeat its standout performances from 2017 or 2020. If history is any guide, XRP could be heading toward record-breaking highs.