Crypto market analyst Egrag Crypto has taken to X to share a technical chart of XRP/USD that revisits the asset’s historical price cycles. This chart introduces a potential breakout zone he refers to as the “Chasm.”
In this visual analysis, Egrag suggests that XRP may be entering the third major bullish cycle, with key price levels and exponential targets that reference past market behavior.
Historical Price Cycles and Technical Setup
The chart outlines three distinct XRP market cycles. Cycle 1, which began in early 2017, recorded a sharp rally from under $0.01 to approximately $3.24, representing a 2,000.98% increase.
Cycle 2, beginning around April 2021, witnessed a comparatively smaller peak of $1.53, representing a 420.44% rise from its local base. According to Egrag, the third cycle is now unfolding in mid-2025, and it is the focal point of the current projection.
#XRP – The Chasm:
If the chasm isn’t touched or bypassed, then there is something is off
which i believe is not the case
#XRPFamily STAY STEADY and STRONG
, Together We Rise
and Soon We Shall Fly So Much Higher
pic.twitter.com/P3wXjna5nf
— EGRAG CRYPTO (@egragcrypto) July 23, 2025
The Role of the “Chasm” Resistance Level
A red trendline labeled “Chasm” crosses the upper bounds of prior cycle peaks, serving as a technical resistance level. Egrag emphasizes that this level is critical in validating the continuation of historical growth patterns.
He states, “If the chasm isn’t touched or bypassed, then there is something off,” but affirms his confidence by concluding, “which I believe is not the case.” Egrag’s statement suggests that breaching or closely testing the Chasm line would conform with the structure of previous cycles, thereby reinforcing his confidence in the forecasted trajectory.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
XRP Price Targets and Technical Indicators
Beneath this red resistance trendline, Egrag identifies two main technical targets for Cycle 3. The first is a projected price level of $11.00, representing a 550.11% increase from current levels.
The second is an extended target of $34.63, which would match the magnitude of Cycle 1’s rally, amounting to a 2,000.21% gain. Both targets are measured from the current market structure, with XRP recently trading around $3.50 on the Binance exchange.
The chart also features two moving averages: the 21-period Exponential Moving Average (EMA) in yellow and the 33-period Simple Moving Average (SMA) in green. Historically, previous bull cycles began when price action decisively crossed above both moving averages. In the present setup, XRP appears to be repeating this pattern, with price breaking above the two moving averages in early 2025 and continuing upward momentum as of July.
Community Sentiment and Analyst Disclaimer
The annotation “Cycle 3” is plotted around the current date range, suggesting the analyst believes a new phase of acceleration is underway. The vertical lines marking May 2017, April 2021, and September 2025 correspond to the key inflection points of each major cycle, reinforcing the idea that XRP follows multi-year patterns of accumulation and breakout.
In response to Egrag’s post, an X user identified as Safu commented, “Chasm or not, the XRP tide is rising — wings ready for liftoff!” This reply underscores a shared optimism among observers who view the current price structure as favorable for continued growth.
Based on the chart’s interpretation, XRP’s performance in Cycle 3 will be evaluated against its ability to reach or exceed the $11.00 resistance zone near the Chasm and, eventually, the extended target of $34.63.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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The post Chasm XRP Analysis and Projected Price Targets appeared first on Times Tabloid.
