Crypto analyst EGRAG CRYPTO believes XRP could be set up to explode higher should a key moving average cross scenario work out to the bulls’ advantage. In his most recent technical report, EGRAG points out a historical frequency consisting of the 21-week EMA (Exponential Moving Average) and the 33-week SMA (Simple Moving Average), which has been followed by either sharp market declines or explosive rallies in prior market cycles.
XRP Technical Setup Targets $6.70, $13, and $27
According to the present price action and technical convergence, the XRP token may be setting up to continue in a parabolic leg up with price targets at $6.70 and $13 and possibly up to $27. The prediction is made based on the study of three macro market cycles, each of which is characterized by a Purple Circle, which EGRAG takes as an indicator to establish the onset of an official bull run.
The main point of his thesis is whether or not the existing EMA/SMA configuration will lead to a Red Circle (bearish cross) or a White Circle (bullish avoid-cross) that has occurred once before during a 1,200% XRP pump. Historically, the crossing of the 21 EMA under the 33 SMA on the weekly chart (red circle) has been followed by a flash crash and subsequent short-lived pump, which has not managed to overcome either of the moving averages.
XRP Price Chart (Source: X Post)
This indicates the beginning of the bear market. On the other hand, in a single instance where the EMA did not make the bearish cross (white circle), the cryptocurrency was subject to a monster rally of more than 1,200 percent.
EGRAG mentions that XRP is at a critical stage, and the colour of this upcoming cross might define whether the token will continue another long-term rally or revert to bearish territory. The analyst further sets out a tiered projection for the cryptocurrency based on these historical analogs:
- A 300% increase (a quarter of the 2017 rally) would place the altcoin at $6.70.
- A 600% increase would push it toward $13.
- A whole 1,200% rally, repeating the historical white circle breakout, would send XRP to $27.
He emphasizes that such moves are often fast and euphoric but rarely sustained.
Steady Funding Rate Signals Trader Optimism for XRP
Following the bullish estimates provided by EGRAG CRYPTO, on-chain data is starting to capture market sentiment that may facilitate a breakout movement in the token. The Open Interest (OI)-Weighted Funding Rate is positive at 0.0056% as of June 12, 2025, indicative of a slightly bullish though maintained bias among leveraged traders.
XRP OI-Weighted Funding Rate (Source: CoinGlass)
The chart provided by Coinglass shows that since the middle of April, the cryptocurrency has been showing mostly positive funding rates, and the OI-weighted measure has been above zero. Such a trend indicates that the longs are dominating over shorts, which is a standard prelude in the accumulation or the initial part of a bullish leg.
Such funding rate levels, whilst not extreme, indicate traders paying a premium to maintain their trades and a cautiously optimistic rather than an overly euphoric sentiment.
