Here’s XRP Roadmap to Taking Profits as XRP Targets $30
The post Here’s XRP Roadmap to Taking Profits as XRP Targets $30 appeared on BitcoinEthereumNews.com. XRP may be warming up for a more explosive surge, and one crypto analyst believes a long-running pattern is driving the momentum. Specifically, market watcher EGRAG Crypto pointed to a two-week XRP chart showing what he calls the “Just Do It” pattern, a formation that looks like the Nike swoosh. His chart traced the start of this pattern back to XRP’s sharp drop from $3.80 in January 2018. XRP’s “Just Do It” Structure Notably, after the fall, XRP continued trending lower and eventually hit $0.1 in 2020. Since then, the price has curved upward, forming a recovery path that now sits around the $3 range. – Advertisement – EGRAG sees this swoosh-like recovery as a sign of strength. Data from his two-week chart confirms that XRP’s price stayed below a major descending trendline from 2018 through late 2024. XRP Nike Swoosh Pattern and Profit Targets | EGRAG Crypto Notably, the trendline acted as strong resistance for years, but XRP finally broke above it during the strong Trump-led upsurge in November 2024. EGRAG believes this breakout confirmed the start of a sustained upward move, allowing for much higher prices. Nonetheless, XRP faced a roadblock at the $3.4 peak in January 2025, but has since recovered. While EGRAG expects XRP to reach $30 amid this recovery eventually, he warned traders not to wait for that specific number before taking profits. EGRAG Advises XRP Investors Against Timing the Top Accordingly, he advised investors to use a Dollar Sell Average strategy instead of holding out for exact figures like $17, $27, or $50. According to EGRAG, no one truly knows where the market will go, and smart trading means reacting to the current conditions, not gambling on perfect predictions. Citing his trading journey, EGRAG said most people miss out on profits because they ignore market…
The post Here’s XRP Roadmap to Taking Profits as XRP Targets $30 appeared on BitcoinEthereumNews.com.
XRP may be warming up for a more explosive surge, and one crypto analyst believes a long-running pattern is driving the momentum. Specifically, market watcher EGRAG Crypto pointed to a two-week XRP chart showing what he calls the “Just Do It” pattern, a formation that looks like the Nike swoosh. His chart traced the start of this pattern back to XRP’s sharp drop from $3.80 in January 2018. XRP’s “Just Do It” Structure Notably, after the fall, XRP continued trending lower and eventually hit $0.1 in 2020. Since then, the price has curved upward, forming a recovery path that now sits around the $3 range. – Advertisement – EGRAG sees this swoosh-like recovery as a sign of strength. Data from his two-week chart confirms that XRP’s price stayed below a major descending trendline from 2018 through late 2024. XRP Nike Swoosh Pattern and Profit Targets | EGRAG Crypto Notably, the trendline acted as strong resistance for years, but XRP finally broke above it during the strong Trump-led upsurge in November 2024. EGRAG believes this breakout confirmed the start of a sustained upward move, allowing for much higher prices. Nonetheless, XRP faced a roadblock at the $3.4 peak in January 2025, but has since recovered. While EGRAG expects XRP to reach $30 amid this recovery eventually, he warned traders not to wait for that specific number before taking profits. EGRAG Advises XRP Investors Against Timing the Top Accordingly, he advised investors to use a Dollar Sell Average strategy instead of holding out for exact figures like $17, $27, or $50. According to EGRAG, no one truly knows where the market will go, and smart trading means reacting to the current conditions, not gambling on perfect predictions. Citing his trading journey, EGRAG said most people miss out on profits because they ignore market…
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