XRP: "The Third Cycle" on the RSI Indicator Opens Up the Opportunity to Reach Double Digits?

XRP continues to hold steady above the price of 3 USD, moving in line with the general trend of the crypto market. According to the latest technical analysis from renowned chart expert Egrag Crypto, this currency is entering a crucial phase that could push the price to explode into double digits. The focus of Egrag's research is the Relative Strength Index (RSI) on the monthly timeframe, which is currently reflecting a pattern he calls the "Three Cycle." Explain "Cycle Three" According to Egrag's analysis framework, the RSI of XRP tends to repeat a pattern through three stages: A strong RSI pump (Major Pump)Correction Phase (Blow-off Top) – a phase marking the cycle peaks. In history, XRP has witnessed two distinct cycles: Cycle 1 (2017): XRP skyrocketed from below 0.1 USD to a historic peak of 3.40 USD. Cycle 2 (2021): The growth spurt was hindered by the lawsuit with the SEC, leading to a weaker momentum, but the RSI pattern still repeated. As of now, Cycle 3 has completed the first two phases ( pump and correction ), leaving only the final phase – the blow-off top, which is expected to be extremely strong. RSI Forecast and Price Impact Egrag Crypto has set three potential milestones for the monthly RSI peak of XRP: 80, 87, and 97. In technical analysis, an RSI above 70 often signals overbought conditions. However, in a strong bull market, the RSI can remain high for an extended period, along with prices continuing to climb. The last time the RSI of XRP exceeded 90 was during the bull run of 2017 – which was also the period when XRP peaked at 3.40 USD. If the RSI reaches the forecast thresholds above, the scenario of XRP surpassing the recent peak of 3.65 USD and heading towards 4 – 5 USD, even the two-digit price range, is entirely feasible. At the time of writing, XRP is trading around 3.12 USD, with the monthly RSI at 73 – indicating that the crypto market has approached the overbought zone. Hidden Risks Although the "blow-off top" scenario opens up the prospect of a breakthrough growth, it is also important to note that this could be a signal of a multi-year cycle peak. If the RSI approaches the extreme level of 97, it means that the market strength is extremely high. At the same time, it is also a warning that XRP may be nearing the end of the growth cycle, before entering a long-term correction. Conclusion Egrag Crypto's analysis emphasizes the important role of the monthly RSI indicator in predicting the price trend of XRP. With the "Third Cycle" nearing its final stages, investors and the crypto community are closely watching to see if XRP will replicate a historic breakout. If the RSI scenario peaks as in previous cycles, XRP may not only surpass the 4 – 5 USD milestones but also advance to double-digit price levels in the near future.