XRP has suddenly shown a "golden cross pattern" historical indicator! Analysts warn: If the pattern replicates 2017, the target aims for $24.

Ripple (XRP) is brewing a significant breakthrough on the technical front! Notable analyst Egrag Crypto's latest report indicates that the 21-period Exponential Moving Average (21 EMA) and the 55-period Simple Moving Average (55 SMA) on the XRP weekly chart have formed a bullish golden cross pattern, which has accurately predicted historical big pump events. The current golden cross signal is highly similar to those at the starting points in March 2017 (which triggered a 400x rise) and August 2020 (which initiated a 750% surge). Combining with Elliott Waves theory, if XRP holds the key support at $3 and breaks through the previous high of $3.82, this bull run target could reach $9 (a 1500% rise) or even $24 (a 4000% rise), recreating the "digital asset miracle."

"Golden cross pattern" reappears: The big pump secret of XRP has been activated The technical analysis released by Egrag Crypto on platform X has caused a stir in the market. Its core focus is on the 21 EMA / 55 SMA golden cross pattern at the weekly level of XRP—this historically verified indicator, recognized as the strongest bull run engine for XRP, has appeared once again. The chart clearly shows:

• March 2017 golden cross pattern: Initiated an epic market trend, XRP rose nearly 40,000% (400 times) from its low.
• Golden cross pattern in August 2020: Led to a big pump of XRP by 750% in the short term.
• Golden Cross Pattern in October 2024 (Current Cycle): Has risen 560% from the low point in September 2024, reaching a historical high (ATH) of $3.65 on July 18.

Analysts emphasize that similar signals from April 2023 were excluded due to not meeting strict model standards, highlighting the current rarity and reliability of the golden cross pattern. History shows: every effective golden cross is the starting gun for XRP price entering an explosive rising channel.

Dual Target Projection: Conservative $9, Aggressive $24 Based on the comparison of the patterns and rise measurements of the previous two cycles, Egrag proposed two potential target paths:

1. Conservative Target $9 (+1,500%): Doubling the rise of the 2020 cycle, with a higher similarity in technical patterns.

2. Aggressive Target $24 (+4,000%): This is only 10% of the legendary rise in 2017. If the macro environment and project progress align, there is a possibility of hitting this price level.

   

Key Support and Resistance Levels: $3 Support and $3.82 Breakout Battle XRP is currently at a key technical structure point:

• Support Confirmation on Pullback: After reaching a new high of $3.65, XRP pulled back on July 24 to test the $3.00 key support level and successfully held, not forming a new low. This price level has been identified by multiple analysts as a new bottom platform.

• Elliott Waves Support: Analyst CasiTrades added that XRP has completed the sub-wave 2 correction (with a depth reaching the 0.854 Fibonacci retracement level), and is currently on the verge of starting the main upward wave 3.

• Breakthrough Signal Threshold: If the buying volume pushes the XRP weekly close to stabilize above the $3.21 resistance zone, the next target will aim for $3.82 (corresponding to the 2.618 Fibonacci extension). This position is recorded by many trading platforms as the actual historical high point for XRP (not accounting for the $3.84 due to exchange data discrepancies). A weekly close above $3.82 will officially open up the technical space towards the target range of $9-$24.

  

Conclusion: The reappearance of the XRP weekly double moving average golden cross, coupled with the resilience of the strong support of $3 and the start signal of the potential main upswing, paints a highly imaginative bull market picture for investors. However, the law of history ≠ the guarantee of the future - the realization of the goal of $24 depends on the continuous improvement of the regulatory environment, the large-scale application of the Ripple ecosystem, and the overall bull market of the crypto market. Short-term traders should keep an eye on the $3.21 breakout momentum and the $3 line of defense risk control, while long-term traders need to weigh the probability weights of the Egarg dual-target model and be wary of the expected gap caused by the golden cross effect being weaker than the previous cycle (such as the 2020 level). Whether XRP can continue to write the "Golden Fork Soaring Legend", the battle for the $3.82 mark will be the primary observation point.