Ripple (XRP) is Facing a Wave of Short-Term Price Turbulence

Ripple (XRP) is facing a wave of short-term price turbulence, but long-term projections remain highly bullish. Despite a 5% drop

Short-term price turbulence has hit Ripple (XRP), but long-term projections remain highly bullish. Despite a 5% drop over the past week and an 8% decline in the last 30 days, XRP continues to capture investor attention.

As one crypto market strategist highlights historical patterns and an upcoming bullish crossover, price targets of $19 to $45 are in sight.

XRP Drops 0.41% in 24 Hours as Recent Rally Stalls

On Monday morning, XRP was trading down 0.41% for the 24-hour period at $2.01.

The token saw a recent rally to $3, but this was quickly followed by a sharp correction to a low of $1.64. Since then, the price has bounced back and found support around the $2 level.

The 21-day EMA at the 33-day MA on 33-day MA

Crypto market strategist EGRAG CRYPTO has outlined a compelling scenario for XRP, based on historical data and technical indicators.

“Men lie, women lie, but charts don’t,” says EGRAG, adding that while past cycles don’t repeat exactly, they often follow similar psychological and structural patterns.

According to him, XRP appears to be forming a curving bottom that resembles patterns seen in previous bear markets, aligning with a 777-day cycle. This structure, along with a bullish crossover between the 21-day EMA and the 33-day MA, has historically signaled a potential trend reversal.

“This crossover usually marks a turning point in the cycle’s structure.”

Looking back at past market cycles, XRP found strong support at the 21 EMA in 2017 before launching into a parabolic rally. Similarly, in 2021, the token surged after breaking above both moving averages, leading to the cycle’s blow-off top.

If the token repeats these historic moves, price targets of $19 to $45 are possible, representing a 1,050% to 2,700% gain from current levels. EGRAG’s conservative target remains $27, though he advises caution and encourages Dollar-Sell-Averaging (DSA) for investors needing liquidity.

“Don’t get too greedy. It’s better to miss some gains than to lose everything.”

The strategist’s analysis comes amid a period of turbulence for XRP, which has seen its price fluctuate significantly in recent months.

Despite the token’s short-term struggles, its loyal XRPFamily continues to bet on a long-term breakout. With market sentiment remaining divided, technical charts and past performance support the case for a major upward move.

As Ripple’s legal battle with the SEC may be winding down and institutional interest in blockchain payment systems is rising, XRP remains a top contender for those seeking tokens with potential for substantial gains.