Analyst Reveals XRP Ultimate Selling Strategy Toward $33 As Historical Data Shows XRP Uptrend Still Intact
The post Analyst Reveals XRP Ultimate Selling Strategy Toward $33 As Historical Data Shows XRP Uptrend Still Intact appeared on BitcoinEthereumNews.com. Historical data shows the XRP uptrend remains intact, as a well-known market analyst shares his ultimate selling strategy. While XRP has struggled at the $2 mark, a chart from EGRAG indicates that the asset might still have room for more growth. He presented this chart months back, but recently called attention to it, showing that it still holds relevance. XRP Uptrend Still Intact The chart reveals a white support trendline that has historically dictated the direction of XRP’s momentum. This trendline acts as a threshold between bullish and bearish activity. In 2017, XRP remained below this trendline for several months until it broke above it in March of that year. What followed was a notable uptrend, albeit briefly interrupted in May 2017. Despite the pullback, XRP stayed above the trendline during a six-month consolidation phase, indicating that the uptrend was still intact. After six months of consolidation, it recovered, ultimately skyrocketing to its all-time high of $3.40 in January 2018. Now, the chart suggests that XRP is mirroring that past movement. Since 2022, XRP had remained under the trendline until a breakout occurred in November 2024 during a significant rally. Subsequently, the asset surged to about $3.30 in January 2025. Since then, the price has pulled back and entered a consolidation phase around the $2 mark. However, XRP continues to trade above the trendline, showing that the broader bullish trend remains intact. Potential Take-Profit Targets The chart indicates the consolidation is a natural and healthy pause within an ongoing uptrend. EGRAG believes XRP has the potential for more upside. XRP 1M Chart | EGRAG Crypto To identify potential exit points, he highlighted four key take-profit targets using Fibonacci extensions. These targets include $4.42 at the 1.414 extension, $6.56 at the 1.618 level, $8.39 from the 1.272 mark, $13.74 representing another…
The post Analyst Reveals XRP Ultimate Selling Strategy Toward $33 As Historical Data Shows XRP Uptrend Still Intact appeared on BitcoinEthereumNews.com.
Historical data shows the XRP uptrend remains intact, as a well-known market analyst shares his ultimate selling strategy. While XRP has struggled at the $2 mark, a chart from EGRAG indicates that the asset might still have room for more growth. He presented this chart months back, but recently called attention to it, showing that it still holds relevance. XRP Uptrend Still Intact The chart reveals a white support trendline that has historically dictated the direction of XRP’s momentum. This trendline acts as a threshold between bullish and bearish activity. In 2017, XRP remained below this trendline for several months until it broke above it in March of that year. What followed was a notable uptrend, albeit briefly interrupted in May 2017. Despite the pullback, XRP stayed above the trendline during a six-month consolidation phase, indicating that the uptrend was still intact. After six months of consolidation, it recovered, ultimately skyrocketing to its all-time high of $3.40 in January 2018. Now, the chart suggests that XRP is mirroring that past movement. Since 2022, XRP had remained under the trendline until a breakout occurred in November 2024 during a significant rally. Subsequently, the asset surged to about $3.30 in January 2025. Since then, the price has pulled back and entered a consolidation phase around the $2 mark. However, XRP continues to trade above the trendline, showing that the broader bullish trend remains intact. Potential Take-Profit Targets The chart indicates the consolidation is a natural and healthy pause within an ongoing uptrend. EGRAG believes XRP has the potential for more upside. XRP 1M Chart | EGRAG Crypto To identify potential exit points, he highlighted four key take-profit targets using Fibonacci extensions. These targets include $4.42 at the 1.414 extension, $6.56 at the 1.618 level, $8.39 from the 1.272 mark, $13.74 representing another…
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