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 correction from $3.80 in early 2018. The asset’s decline continued, hitting lows of around $0.10 in 2020. From that point onward, XRP has shown signs of gradual strength, moving upward and consolidating around the $3 price mark. A key aspect of his analysis is the descending trendline that acted as resistance for several years. According to EGRAG, XRP remained beneath this line until late 2024, when a breakout occurred during a broader market uptrend linked to the U.S. election period. This breakout was significant in confirming a shift in XRP’s market structure, suggesting the beginning of a longer-term bullish trend. #XRP – Just DO IT (UPDATE): This post could be your roadmap to taking profits! My subscribers know how much I emphasize the Dollar Sell Average. Don’t get caught waiting for specific numbers like $27, $17, or even $50. Trust me, no one really knows where we’re headed;… https://t.co/zL46GFAwdq pic.twitter.com/aHxkOy3ncR — EGRAG CRYPTO (@egragcrypto) July 25, 2025 Despite a brief setback at $3.40 in early 2025, XRP has regained stability. EGRAG believes this recovery is a precursor to a larger upward movement, potentially driving the asset to a $30 valuation. However, he stresses that investors should not wait for exact price points before considering profit-taking. Trading Guidance: Prioritize Flexibility Over Precision Rather than aiming to exit at predetermined levels such as $17, $27, or $30, EGRAG recommends adopting a Dollar Sell Average (DSA) strategy. This approach involves selling portions of holdings incrementally over time to reduce exposure to volatility and uncertainty. EGRAG emphasizes that consistently timing the peak of a market cycle is unrealistic. Based on his trading experience, he believes many investors miss out on profitable exits due to unrealistic expectations or speculative hype. He encourages traders to remain responsive to price action rather than anchoring decisions to idealized outcomes. Defined Profit-Taking Zones To assist investors in planning their exit strategies, EGRAG has outlined three profit-taking zones based on Fibonacci retracement levels and Elliott Wave theory. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The first range falls between $4 and $6. This zone is informed by inverse Fibonacci extensions calculated from the fourth wave in XRP’s price movement. EGRAG anticipates that this level will prompt significant selling activity, particularly from investors who have held the asset over the long term. The second target zone lies between $11 and $13. This estimate follows traditional Elliott Wave principles, where the fifth wave typically mirrors the length of the first wave or constitutes 61.8% of the combined length of waves one and three. EGRAG considers this range the most probable area for notable price action based on historical chart behaviour. The final and most ambitious range spans from $27 to $30 . This projection is drawn from an alternative wave count that begins with XRP’s low in March 2020. According to this model, XRP is now in the midst of an extended third wave, with potential gains estimated at roughly 1,750%, derived from multiplying a prior 1,044% move by 1.618. EGRAG concludes that while XRP’s outlook appears strong, successful trading depends on disciplined execution and responsiveness, not market speculation or idealism. He advises investors to create strategies that align with technical analysis and their risk tolerance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Outlines Crucial XRP Profit-Taking Strategy appeared first on Times Tabloid .
