Analyst Egrag Crypto has issued a warning to the XRP community, recommending holders lock in profits, even as price increases are anticipated.
Analysis of the 'W' Pattern and Price Predictions
Egrag presented a detailed chart indicating what he referred to as the tenth instance of a classic 'W' pattern on the XRP chart. This technical formation is historically associated with significant bullish reversals. Based on this analysis, Egrag outlined three potential price targets for XRP:
**Conservative Target:** $15
**Average Target:** $22
**Optimistic Target:** $40.
A Call for Profit-Taking Strategy
Egrag emphasized the need for a cautious approach to trading, urging holders: "Please, I beg you, take your initial capital at lower targets, starting around $6–$7." This appeal reflects his experience and a realistic understanding of market dynamics. The analyst added: "What if everyone, including me, is wrong?"
Current XRP Sentiment and Market Outlook
XRP is currently trading around $2.18, with renewed interest amid ongoing legal clarity and market-wide bullish momentum. Egrag’s forecast aligns with broader optimism within the XRP community, while also delivering a grounded realism often lacking in euphoric bull markets.
In his analyses and warnings, Egrag Crypto continues to be a trusted voice among XRP investors, highlighting that profits are secured throughout the trading process rather than just at the peak.
