Analyst Begs XRP Holders to Take Initial Deposit at This Price After Calling $40 Optimistic Target
2025-07-04 05:39:04
Main Idea
Analyst Egrag Crypto advises XRP holders to take profits at key price points, emphasizing strategic profit-taking amid market volatility and bullish projections.
Key Points
1. Egrag Crypto highlights a 'W' pattern in XRP's price chart, suggesting potential bullish reversals and significant price targets.
2. He urges XRP holders to take initial deposits at strategic price points, stressing the importance of securing profits during market highs.
3. XRP is currently trading around $2.18, with renewed interest due to legal clarity and broader market optimism.
4. Egrag's advice combines bullish projections (e.g., $15, $22, $40) with a realistic approach to market volatility and profit-taking.
5. The analyst emphasizes the unpredictability of crypto markets, advising investors to balance optimism with caution.
Description
Egrag Crypto has issued a passionate advisory to the XRP community, urging holders to exercise discipline and lock in profits early, even as his latest analysis points to a potentially explosive breakout. Sharing a detailed chart on X, Egrag unveiled what he labeled as the tenth instance of a classic “W” pattern on the XRP chart, a technical formation historically associated with significant bullish reversals. The “W” Pattern and Price Projections Egrag’s chart analysis illustrates a well-formed...
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