Analyst Predicts XRP Price Target of $44 and Profit-Taking Strategy
Egrag Crypto, a crypto market analyst, has forecasted an ambitious price target for XRP of $44, indicating a potential increase of 1,688% from its current value. This projection includes several intermediate targets:
- $15 (conservative target)
- $22 (normal measurement)
- $27 (personal target)
- $44 (extended measurement)
Currently trading under $3, XRP may first hit these intermediate levels before aiming for the extended target. Egrag Crypto's analysis is supported by a chart showing key support and resistance levels, with a long-term rising support at $1.99. Recent trends indicate that XRP has broken above significant resistance, reinforcing a bullish outlook.
The analyst advises traders to take profits strategically as prices rise, rather than holding out for peak values. He suggests profit-taking between $5 and $9, prior to reaching the conservative target of $15.
