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Egrag Crypto, a prominent crypto market analyst on X (formerly Twitter), has unveiled new bullish projections for the XRP price, with an ambitious extended target of $44. The price forecast has sparked excitement among investors, especially as the analyst reveals the ideal time to take profits. XRP Price Next Bullish Targets Unveiled
On March 25, Egrag Crypto shared an XRP price analysis, revealing several measured bullish targets for the cryptocurrency. The analyst predictedthat his extended or long-term price targetfor XRP was $44, representing a massive 1,688% increase from its present market value. Related Reading XRP Price Ready To Bounce Back Above $3 If Bulls Can Hold This Level 2 weeks ago
Egrag Crypto’s future price projections for XRP highlight a conservative target of $15, a normal measurement of $22, a personal target of $27, and an extended measurement of $44. While the extended bullish target represents the most ambitious scenario, considering XRP is still trading under $3, the analyst suggests that the cryptocurrency could first reach these intermediate levels before making a push toward $44. Source: Egrag Crypto on X
Notably, the analyst has shared a chart, highlighting XRP’s support and resistance levels, and historic trendlines. The upward blue trendline represents a long-term rising support level at $1.99. Additionally, the white and black horizontal lines in the chart show that the XRP price recently broke above a key resistance zone, further reinforcing its bullish position.
Egrag Crypto also cites XRP’s historical price action and trend lines as support for his projected bullish targets. The yellow arrow in the chart shows that in 2018, the cryptocurrency experienced a major price surge to its current ATH of $3.84. As highlighted by the blue arrow, another major price spike occurred in the last bull run in 2021.
Following this bull market trend, XRP is expectedto rally again before the end of the bull cycle in Q4 2025. While this projected surgeto $44 may seem rather ambitious, XRP has historically demonstrated the potential for exponential growth during bull cycles. Just this year, the cryptocurrency had surpassed expectations, jumping from $0.5 to $3 for the first time in almost 7 years. When Traders Can Take Profits
While the extended bullish measurement of $44 is an optimistic scenario for the XRP price, Egrag Crypto has advised investors to be strategic with their profit-takingapproach. The analyst suggests that traders can consider securing profits as prices gradually go up rather than waiting for the highest possible price, which can be unpredictable. This strategy prioritizes risk management, guaranteeing some returns even if the price of the cryptocurrency later drops. Related Reading XRP Price Continuation After Crash Below $2.4? New Targets Emerge 1 month ago
Egrag Crypto’s XRP price chartshows that during the last rally, the analyst took profits early at $2.42 instead of waiting for a price peak. This time, he has identified the price point between $5 and $9 as a key zone where traders can start taking profits before XRP reaches its first conservative target of $15. XRP trading at $2.4 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com