XRP Could Pump 1,000% to $17 or 2,700% to $45 This Cycle, Despite Recent Crash: EGRAG CRYPTO

A notable market analyst insists XRP is still in bullish territory, expecting the asset to either pump 1,000% or 2,700% after the recent crash.

For context, the broader crypto market witnessed a bloodbath over the weekend, which extended into the new week. Particularly, the total crypto market cap lost over $180 billion on Sunday, April 6, amid a 6.87% intraday loss. Despite a meager 0.61% gain the next day, most assets, like XRP, saw massive slumps.

XRP Still in Bullish Territory

Notably, XRP dropped 10.39% on Sunday, then collapsed to a 5-month low of $1.61 the next day. The asset recovered from the $1.61 floor but still nursed a loss of 1.32% on Monday. However, amid the bloodbath, analyst EGRAG Crypto believes XRP is still in bullish territory.

In a recent commentary, the market watcher confirmed that price slumps such as this had occurred during previous bullish phases. Nonetheless, historical data indicates that XRP has always recovered from these price declines, eventually surging to greater heights.

Specifically, he called attention to the 2017 and 2021 bull runs, highlighting similarities between both market phases and the current period. This was his attempt to prove that the recent market crash was a normal one and should not be a cause for concern.

Historical Performance

According to EGRAG, in 2017, XRP witnessed a massive 73% crash from its peak to local bottom. As the asset observed this correction, it retested the support at the 200-day moving average (MA) a few times and even slumped below the dynamic support by as much as 25%.

XRP 1D Chart | EGRAG Crypto

Further, a similar bearish pattern emerged in 2021 despite the bull run then. Notably, during this period, XRP collapsed 78% from its top to a floor price and then retested the 200-day MA support multiple times. Amid the retests, XRP dropped 42% below the 200-day MA.

Interestingly, in each of these instances, XRP saw a recovery push that allowed it to recoup the losses from the bloodbath. For instance, in 2017, the asset surged by up to 2,700%. Meanwhile, in 2021, it recorded an impressive 1,000% pump.

XRP Could Rally 2,700% or 1,000%

As the latest market crash emerged, XRP observed a slump similar to the 2017 and 2021 declines. As a result, the asset is now retesting the support at the 200-day MA (currently at $1.85). During the panic on Monday, XRP’s crash to $1.61 marked a 13% drop below the 200-day MA.

Despite recovering above the support, XRP is still dangerously close to this price level. Notably, in a previous report, EGRAG had suggested that a retest of this moving average could emerge during a downturn. Now that this forecast has materialized, he believes a pump could occur after the market recovers.

#XRP – 200 Daily MA:

We consistently touch the 200 Daily MA during #BullRuns, and then we keep making higher highs! 🪜

Men lie, women lie, but charts never lie! 💯 pic.twitter.com/0OOR4EcHEA

— EGRAG CRYPTO (@egragcrypto) April 3, 2025

According to EGRAG, XRP could mirror the 2017 run and rally 2,700% or repeat the 2021 surge and pump 1,000%. To put things into perspective, a 2,700% increase from the $1.61 local bottom translates to a target price of $45.1. Meanwhile, a 1,000% rise from $1.61 would lead to a price of $17.7.

EGRAG noted that XRP is still capable of engineering an impressive run in this bull season if the asset does not witness a death cross, which would see the 50-day MA cross below the 200-day MA. Currently, XRP trades for $1.90, with the 50-day MA now at $2.31 and the 200-day MA sitting at $1.85.

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