XRP 2016 Pattern Returns: EGRAG Crypto Says $50 Could Be in Play

Market analyst EGRAG Crypto describes this occurrence as being very rare, claiming he found this formation of three positive monthly candles inside of an accumulation phase on the monthly XRP chart; a formation that he had also spotted at the beginning of 2016.

Why Is the XRP 2016 Pattern Getting Attention?

EGRAG Crypto Spots a Rare Three-Candle Formation The December 2015, January 2016, and February 2016 historical series would lead EGRAG to state that the fact that the repeating of XRP 2016 pattern now has 2 green months in 2026 would make it even more prominent if XRP completes its 3rd green month in September 2026.

Why September 2026 Could Complete the Pattern September was the first test of EGRAG’s thesis. XRP price started just below $1.38, despite a price increase in July and August. However, as of September 23, XRP was just below $1.61, which was a bullish sign for the monthly candle.