A crypto analyst identified as ‘Egrag Crypto’ recently took to X (formerly Twitter). problem a warning to XRP investors regarding a potential bear market that could cause a massive correction for the price of XRP.
XRP Holders Prepare for More Drops in 2025
According to Egrag Crypto, XRP is expected to become a steep bear market phase in 2025. The analyst based his predictions on a technical analysis tool he called the ‘Gaussian Channel’, revealing three different technical phases for XRP, including a Green A, Green B, and Green C phase.
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He noted that the bearish phase in Green A had already been completed. However, the Green B phase is expected to end in June 2025, and the Green C phase is expected to end in January 2025. The analyst further emphasized that the above dates do not represent cycle tops, but indicate the beginning of a “deep bear market phase.” ”
He also revealed that the Gaussian channel was a technical analysis tool used to visualize price movements of cryptocurrencies around an average average price. The purpose of the tool is to help identify volatility, risks and certain support and resistance levels. Furthermore, analyzing the historical trends and durations of the green phases of the Gaussian Channel provides valuable insights that can be used to interpret future price movements.
Currently, the price of XRP has remained relatively unchanged especially in recent months consolidate around $0.5 without witnessing any momentum. This mediocre performance can be attributed to the continued state of affairs legal challenges the cryptocurrency has been in trouble with the US Securities and Exchange Commission (SEC) for the past four years.
While Eggrag expects more crypto bearish sentiment for XRP in the coming year, the crypto analyst also suggests that the next 3 to 12 months could provide critical trading opportunities as the market evolves. He warns XRP holders to remain vigilant and prepared for potential market volatility, which could lead to a “life-changing window.”
Analyst Highlights XRP’s Resilience
In a previous X post, Eggrag Crypto to maintain optimistic outlook for the price of XRP. He highlighted the strength and resilience of the cryptocurrency, noting that XRP was showing strong gains bullish signals in its price fundamentals.
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He revealed that as XRP can maintain a critical position Within the ‘Launching Channel’, a trading pattern identified by partial wicking candles and ascending consolidation, the cryptocurrency’s value could potentially rise to $6.4.
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At the time of writing, the price of XRP is trading at $0.51, according to CoinMarketCap, reflecting an increase of 3.51% in the last 24 hours.
Egrag Crypto has advised the broader XRP community to remain “calm and steady” as the next three to six months could bring significant opportunities for investors.