XRP is currently holding above the 21-period exponential moving average (EMA), a historically bullish indicator for the altcoin. This pattern, which has emerged multiple times over the past decade, typically involves three phases: consolidation, expansion, and correction. Notably, XRP has maintained this pattern in previous cycles, leading to significant price increases, such as the 981% rise to $3.31 in 2018 and a 157% increase to $1.96 in 2021. According to EGRAG Crypto, a well-known chartist, XRP is now following a similar pattern, trading near $2.06 and consolidating above the rising 21-month EMA. If the pattern continues, XRP could see a rally similar to past spikes, potentially reaching $33 if it mirrors the 2017 rise, or $8 if it repeats the 2021 upsurge. However, the pattern would be invalidated if XRP breaks below its long-term structural support.