- Analyst EGRAG Crypto predicts XRP will see a second peak in this bull run.
- Historical RSI patterns indicate this second peak could occur 90 to 120 days after the first.
- The coin’s previous bull runs in 2017 and 2021 followed a similar pattern.
A prominent market analyst, EGRAG Crypto, has forecasted a potential timeline for XRP to reclaim its all-time high despite the ongoing bearish phase. His prediction is based on historical trends observed in the coin’s Relative Strength Index (RSI) chart, suggesting that the cryptocurrency typically experiences two major price peaks during bull runs.
XRP Often Sees Two Peaks
According to EGRAG Crypto, the coin tends to record a second peak after the first one, often reaching a higher price level. This observation comes at a time when XRP is struggling under bearish pressure, currently trading near the lower ends of the $2 psychological range.
Following a drop from its yearly peak of $3.4 in January, the analyst expects XRP to witness a second top that could surpass its current all-time high. To determine when this might occur, he analyzed historical RSI trends on the monthly chart.
EGRAG highlights how the RSI has historically indicated XRP’s price peaks during bull runs. Typically, the RSI spikes when XRP hits its first peak, then declines before surging again at the second peak. This pattern was observed in both the 2017 and 2021 bull runs, making it a potentially reliable indicator for future price movements.
In 2017, the RSI reached 95 when the coin hit its first peak at $0.3988 in June. As the price pulled back and consolidated, the RSI dropped to 66 in September and remained at this level for three months before XRP surged to its second peak of $3.8 in January 2018—91 days later.
Similarly, in 2021, XRP first peaked at $0.79 in November 2020, with the RSI climbing to 65. After a 67% drop in December due to the SEC lawsuit against Ripple, the RSI fell to 47.24. XRP eventually recovered, reaching its second peak of $1.96 in April 2021—120 days later.
Timeline for XRP’s Second Peak
At present, XRP’s monthly RSI has again dropped to the 66 range, mirroring the 2017 bull run correction. When XRP hit its first peak of $3.4 in January 2024, the RSI spiked to 84 before declining.
Based on past trends, EGRAG Crypto suggests that XRP’s RSI will spend 90 to 120 days in bearish territory before recovering and pushing the asset to a new high. This places the expected second peak around May or June 2025.
