A recent analysis of historical data has shown that XRP may be targeting two-digit price levels following a recent retest of the 21 EMA support. This analysis came from accomplished market watcher EGRAG Crypto, who has maintained that XRP is on the verge of an impressive run despite the persistent market lull. For context, XRP has dropped to $2.19, the same price region it opened at in May, confirming its extensive consolidation. XRP Historical Performance Around the 21 EMA Interestingly, EGRAG called attention to historical data from the 2-week chart to suggest that XRP might be following a bullish structure from the past. Notably, this structure led to the $3.8 all-time high in January 2018 and also resulted in the $1.9 peak in April 2021. Specifically, during the 2017/2018 bull run, XRP broke above the 21 exponential moving average (EMA) on the 2-week timeframe when it rallied in March 2017. This breakout came after months of unsuccessful attempts since 2016. After the breakout, XRP price skyrocketed 7,085% from $0.00555 to $0.3988 by May 2017. However, it faced a roadblock at $0.3988, leading to a pullback and consolidation. As prices corrected, XRP began retesting the 21 EMA for six months. However, following the retest, the asset saw another price uptick, soaring by an additional 1,517% to the all-time high of $3.8 by January 2018. XRP 2W Chart | EGRAG Crypto This pattern repeated in 2020/2021. In particular, XRP broke above the 21 EMA to claim a high of $0.79 by November 2020. After this peak, it faced a pullback to retest the support at the 21 EMA before soaring again by 425% to reach the $1.96 high in April 2021. Is History Repeating? Interestingly, history seems to be repeating a second time. Data shows XRP again broke above the 21 EMA when it rallied from the $0.5 level in early November, last year, on the back of the U.S. elections. After the breakout, the uptrend persisted into January 2025, resulting in a push to a seven-year peak of $3.4. However, after reaching this resistance area, XRP price observed a pullback, just like in late 2017 and late 2020. Now, it is witnessing a consolidation phase. This consolidation has now resulted in a retest of the 21 EMA, which EGRAG’s chart indicates is a precursor for another upward push. As a result, the analyst expects XRP to recover from this range-bound phase to greater levels. XRP Targets and Potential Timeline Accordingly, he has presented three targets for when XRP eventually recovers. The first target is a 425% rise to $10, while the second target represents a 1,000+% increase to $18. Meanwhile, EGRAG expects XRP to claim an all-time high of $27, representing a 1,600% surge. Further data indicates that, following the retest of the 21 EMA support, XRP’s upsurge has culminated in a cycle peak weeks after. In 2017, the $3.8 peak occurred eight weeks (4 candles) after the retest, and in 2021, it took ten weeks (5 candles). If XRP follows this trend, it could reach $27 within eight to ten weeks, translating to late July or early August 2025. Notably, EGRAG has always targeted the $27 level, citing varying possible catalysts. Just a week ago, he leveraged his “Drop Zone” analysis to project a rally to $27. Meanwhile, last December, he predicted that if XRP holds above its break of structure (BOS), a push to $27 could be imminent.