Veteran Trader To XRP Holders: The End Is Near

Key Points

1. XRP recently reached a seven-year high of $3.66 before pulling back to $3.11, with technical indicators like the Fisher Transform suggesting caution.

2. Severino compares the current rally to XRP's late-2017 surge, projecting a possible peak between late August and early September, with targets ranging from $12.73 to $99.

3. Analysts highlight the importance of disciplined profit-taking, with Severino's personal exit target between $8 and $13.

4. Potential post-peak scenarios include a 97% drop to $0.80 or an 85% drop to $1.30, with a fall below $0.30 also possible based on historical patterns.

5. While some experts believe institutional involvement has changed market dynamics, others argue that historical cycles still apply to XRP's price movements.