Analyst Outlines Crucial XRP Profit-Taking Strategy
Main Idea
A crypto analyst predicts significant price growth for XRP based on technical patterns and recommends a Dollar Sell Average strategy for profit-taking.
Key Points
1. EGRAG's analysis is based on a two-week XRP chart showing a recovery trajectory from lows of $0.10 in 2020, with potential to reach $30.
2. XRP briefly faced a setback at $3.40 in early 2025 but has regained stability, signaling a potential larger upward movement.
3. EGRAG advises using a Dollar Sell Average (DSA) strategy instead of targeting specific price levels like $17, $27, or $30 to manage volatility.
4. Three profit-taking zones are outlined: $4-$6 (based on Fibonacci extensions), $11-$13 (61.8% of waves one and three), and $27-$30 (from an alternative wave count).
5. The analyst emphasizes that XRP's outlook is strong but urges investors to conduct their own research and manage risk, as the analysis is not financial advice.
Description
A notable crypto analyst has suggested that XRP could be on track for significant price growth, supported by a multi-year technical structure. EGRAG Crypto, known for his long-term chart analysis, has identified what he refers to as a persistent upward formation, with historical support dating back to XRP’s price activity in 2018. Technical Pattern Signals Renewed Momentum EGRAG’s assessment is based on a two-week XRP chart that highlights a recovery trajectory beginning after XRP’s steep correc...
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