$27 to $0.80? Chartist Shares Looming XRP Bear Market Scenario

Key Points

1. EGRAG Crypto's analysis is based on historical XRP/USD price charts, comparing current trends to the 2017 market cycle and subsequent bear market behavior.

2. Cycle 1 projects a potential XRP peak of $27, followed by a 97% retracement to $0.80, similar to the 2018 decline.

3. Cycle 2 suggests a more conservative peak of $9, with an 85% retracement potentially bringing XRP down to $1.30.

4. EGRAG emphasizes that XRP is likely nearing its final upward leg before entering a bear market phase, cautioning investors about cyclical market behavior.

5. The analysis references long-term holders (OGs) and past accumulation zones around $0.30 as favorable opportunities, while acknowledging ongoing legal and market uncertainties.