Analyst Says $3.65 XRP Price Is the Valhalla Gate Key to This Double-Digit Level

His thesis is based on an in-depth macro cycle analysis, supported by monthly technical signals that paint a highly bullish picture for XRP’s next major move.

Macro Cycle Structure and Historical Context

Egrag’s analysis divides XRP’s price history into three distinct macro cycles, each marked by clear patterns of cycle bottoms, mid-cycle tops, and final cycle peaks. In the first cycle, which unfolded in 2013, XRP experienced a strong rally followed by a retracement that formed a mid-cycle top. The second cycle introduced what Egrag refers to as the most structurally bullish formation to date, with XRP touching the “blue ribbon” before accelerating to its cycle high.

Currently, XRP is within its third cycle. Egrag believes that the price action observed in 2021, although substantial, only represents a mid-cycle top rather than the peak of a new cycle. This is evidenced by the price reaching the upper green ribbon, an indicator on his macro chart, and forming a textbook bullish pennant. This formation is a continuation pattern that often precedes explosive upward movements.