XRP’s Historical Accumulation Zone Has Fueled 500% Surges Before

French crypto analyst Egrag has highlighted the prior accumulation zones visible on XRP’s monthly chart, noting that each of these zones has previously produced gains of at least 500% for the original altcoin.

The 5-Times 500% Bid That Works Like a Swiss Clock

The first instance occurred between 2020 and 2021, when XRP rose 500.06% over the year, climbing to $1.63.

Two years later, the pattern of higher lows proved beneficial as the accumulation zone readied XRP for a move to $3.07; similar configurations were also identified during the 2013‑2017 period.

Egrag outlined three phases of XRP holder psychology during a market downturn: first, accumulate when fear is high; second, remain patient amid uncertainty; and finally, distribute during periods of euphoria. He framed this as straightforward technical advice.

He added that distributing during euphoria is key, citing his macro goal of double‑digit XRP prices. The comment came as XRP tested the $1.32 support level amid broader market weakness, urging holders to stay disciplined instead of panicking.

XRP’s Present Outlook Still Paints a Different Picture

XRP is now trading within a comparable accumulation band from $1.29 to $1.40. A measured move from this zone could lift the price to around $8.35, but bulls must first break the $1.51 upper Bollinger Band, which currently acts as strong resistance.

Also, historical XRP price projections don’t always come into action, but it makes us understand what the next bull cycle can do.

Ripple‑linked ETFs continue to attract interest from Wall Street, even amid a challenging short‑term crypto environment. Since their launch on traditional exchanges, these products have garnered $1.56 billion in inflows, positioning XRP as the most sought‑after altcoin among institutional investors.

The timing of any price appreciation for XRP will hinge on both overall market conditions and Ripple’s regulatory progress.

Regulatory challenges have persisted since the CLARITY Act was rejected in the United States, although the CFTC and SEC have proposed an alternative framework.

It remains to be seen whether bullish double-digit theses like Egrag’s can actually materialize in the near future.

The digital asset market recently experienced a $1 billion mid‑week liquidation wave, leaving most altcoins without a strong rebound. Market participants are now evaluating whether this presents a buying opportunity.

Source link