Why XRP price could reach ATH in the next 90-120 days

Crypto analyst Egrag Crypto has once again grabbed the attention of investors with his bullish XRP price prediction. In a recent post on the X platform, he cited historical trends to explain why the altcoin could reach a new all-time high (ATH) in the next 90 to 120 days.

Historical Patterns

Egrag Crypto highlighted the RSI (relative strength index) chart, which shows important historical patterns. He noted that XRP has typically seen two peaks in past bull cycles. In 2021, the second peak was recorded after 90 days, while in 2017, it was recorded after 120 days. These time frames, according to the analyst, create a “big opportunity” for market participants, hinting at a potential new ATH.

XRP Price Prediction to $3.9

In another post, Egrag Crypto raised the possibility of XRP reaching a new ATH at $3.9 by May. He highlighted the Inverse Head and Shoulders pattern that was forming for the altcoin. The analyst indicated that the measured move could be between $3.7 and $3.9, which adds confidence to his forecast.

Current Market Situation

XRP is currently struggling at $2.15, which is due to regulatory uncertainty, especially in light of Paul Atkins’ candidacy for SEC Chairman. In his update on the Inverse Head and Shoulders pattern, Egrag Crypto noted that a close above $2.24, which corresponds to the 0.888 Fibonacci retracement, is the next secondary target. He confirmed that the pattern continues to evolve as expected.

In conclusion

Thus, Egrag Crypto has presented a compelling argument based on historical data and technical analysis that can support his bullish XRP price prediction. If historical patterns repeat themselves, we may see a new ATH for this altcoin in the next 90-120 days. Investors should closely monitor the situation and consider all factors influencing the market.