XRP Could Hit $37, But Analyst Warns of Massive Crash After Bullish Surge

XRP could rally to as high as $37, but a key technical indicator may signal a massive selloff afterward, according to market analyst EGRAG Crypto.

Despite XRP’s 2.87% dip this week while Bitcoin gains slightly, EGRAG’s analysis on the weekly chart suggests that XRP is still riding the bullish momentum that started in September 2024, when the 21-week EMA crossed above the 33-week SMA — a historically bullish signal.

Following this cross, XRP skyrocketed over 500% to above $3 by January 2025. Drawing from past cycles, EGRAG notes that similar crosses in 2017 and 2020 resulted in 6,500%, 1,600%, and 855% rallies respectively.

Based on this pattern, he believes XRP could realistically climb to $5.7, $9.5, and even $37, but pegs $27 as the most likely high for the current cycle — a 1,600% rise from the $1.60 range seen at the time of the bullish cross.

But EGRAG isn’t blindly bullish.

He warns that after XRP hits its top, the same moving averages will likely form a “death cross” — when the 21 EMA falls below the 33 SMA. This has historically marked the beginning of major downtrends. He cites two previous death crosses, in May 2018 and November 2021, where XRP dropped 87% and 72%, respectively. Based on those drops, EGRAG predicts a 79.5% crash after XRP tops out in this cycle.

Currently, XRP trades at $2.37. If the historical patterns hold, investors could see life-changing gains — but only if they exit before the trend reverses.

“The signals are there,” EGRAG says. “Now it’s about timing the exit.”