Ripple\u2019s XRP may be flying high above $3 now, but could it crash to under a dollar in the next bear cycle?<\/p>\n
That\u2019s the controversial call from popular crypto analyst EGRAG CRYPTO, who recently projected possible post-bull market targets for XRP as low as $0.80, based on historical price cycles and technical patterns.<\/p>\n
In a July 27 post on X, EGRAG broke down<\/a> two possible bearish scenarios for XRP based on historical patterns. His first simulation assumed that XRP may follow its 2017 trajectory, potentially hitting $27 from its current price, and subsequently crashing 97% to around $0.80.<\/p>\n \u201cIf we anticipate a $27 cycle and experience a similar 97% drop, XRP\u2019s next bear market target could be around $0.80. Can you handle that?\u201d<\/p>\n Cycle 2 is a more moderate scenario based on a symmetrical triangle pattern. It models a peak for XRP near $9, followed by an 85% drop that would bring the asset to about $1.30.<\/p>\n \u201cThe measured move based on the middle of the symmetrical triangle positions us around $9. If we see a similar bear market decline of 85%, you could be looking to buy back XRP at approximately $1.30.\u201d<\/p>\n In a final word of caution, he added:<\/p>\n \u201cWhat goes up must come down, but the question is: how far down?\u201d<\/p>\n Despite the bleak outlook, he noted that \u201cOGs\u201d who endured previous crashes might welcome sub-$0.30 buying zones again. Still, he emphasized that market cycles are unavoidable and that everything follows the same pattern, \u201ceven the universe itself.\u201d<\/p>\n EGRAG\u2019s take counters growing optimism around XRP\u2019s recent surge. As mentioned<\/a> previously by technical analyst CryptoVizArt, XRP broke out of a 7-month range earlier this month, touching a new multi-year high of $3.65 before pulling back to retest support at $3.00.<\/p>\n Institutional activity has helped boost the rally, with firms like Nature\u2019s Miracle Holding (NMHI) allocating<\/a> $20 million to an XRP treasury program. On-chain data also shows whales accumulating<\/a> 280 million XRP in recent days, signaling confidence in further upside.<\/p>\n At the time of writing, the world\u2019s third-largest cryptocurrency was trading at $3.26, recovering 2.6% in the last 24 hours, but still down 8.6% over the past week, per CoinGecko. Despite short-term softness, the asset is still up 49.1% this month and 438.7% year-over-year.<\/p>\n While analyst Jonathan Carter suggests that a bounce from $3 could propel XRP toward $4.60, a breakdown may just as easily trigger a retest of $2.50.<\/p>\n The post From $27 to $0.80? Analyst Unveils XRP\u2019s Potential Bear Market Scenario<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s XRP may be flying high above $3 now, but could it crash to under a dollar in the next bear cycle? That\u2019s the controversial call from popular crypto analyst EGRAG CRYPTO, who recently projected possible post-bull market targets for XRP as low as $0.80, based on historical price cycles and technical patterns. Bullish Breakout […]<\/p>\n","protected":false},"author":0,"featured_media":84380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84379"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84379"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/84380"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Market Reactions and Key Levels to Watch<\/h2>\n