XRP Analyst Unveils Strategic Profit-Taking Plan Amid Price Recovery

Egrag Crypto, a well-known XRP analyst, has introduced a detailed profit-taking strategy as XRP shows signs of a price rebound. The plan involves staged selling to maximize gains while retaining a portion for potential parabolic moves. Here’s a breakdown of the strategy and its implications for XRP investors.

XRP Analyst Outlines Profit-Taking Strategy Amid Price Rebound

Egrag Crypto, a prominent XRP analyst, has unveiled a structured selling strategy as the altcoin shows signs of recovery. The plan involves taking profits in stages, with 25% exits at three predetermined price targets and retaining a ’moon bag’ for potential parabolic moves.

The strategy advises incremental selling—5% of holdings per predetermined price increase—to capitalize on upward momentum while maintaining exposure. XRP’s current rebound aims to breach the $3 resistance level, a threshold that could catalyze new highs.

Market participants are scrutinizing this approach as a potential blueprint for managing volatile crypto assets. The analysis emerges during a broader market uptick, with traders weighing technical targets against macroeconomic headwinds.

XRP Target Could Be $15 If Symmetrical Triangle Pattern Holds, Analyst Suggests

XRP’s recent price action may be governed by a symmetrical triangle pattern, with analyst Ali Martinez suggesting a potential breakout target of $15. The cryptocurrency had been consolidating between converging trendlines, a technical formation that typically precedes significant price movements.

Symmetrical triangles form when lower highs and higher lows create two trendlines approaching each other at similar angles. These patterns often resolve with explosive breakouts, with the magnitude of the MOVE typically matching the height of the triangle’s base. XRP’s current setup appears to mirror this classical technical structure.

The $15 projection represents an ambitious but technically valid target if historical volatility and pattern measurements align. Market participants will be watching for sustained breaks above resistance or below support levels to confirm the pattern’s resolution direction.

XRP Whale Moves Over $73M to Coinbase Amid Bullish Momentum

A significant transfer of 29,532,534 XRP, valued at approximately $73.38 million, was sent to Coinbase on May 12, drawing attention from the crypto community. The transaction, tracked by Whale Alert, suggests a potential sell-off by a large holder as XRP defies broader market corrections.

XRP has maintained bullish momentum, rising 6.87% over the past 24 hours to stabilize around $2.53. The coin briefly held steady at $2.63 for six hours, indicating a pause in its upward trend as short-term traders likely took profits.

While most major cryptocurrencies face pullbacks after a recent rally, XRP continues to outperform, showcasing resilience in a volatile market. The whale’s move to Coinbase underscores heightened activity among large holders amid the asset’s strong performance.

XRP Price Retraces Gains But Maintains Bullish Structure Amid Market Volatility

XRP found firm support at $2.25 before initiating a fresh upward trajectory, mirroring broader market trends seen in Bitcoin and Ethereum. The digital asset successfully breached multiple resistance levels, including $2.35 and $2.40, before peaking at $2.65.

A key bullish trend line has emerged on the hourly XRP/USD chart, with Kraken data showing strong support at $2.4350. The token currently trades above both the $2.40 level and its 100-hour moving average, suggesting underlying strength despite recent retracement.

Market observers note that a decisive close above the $2.55 resistance could signal the next leg up. The price action demonstrates resilience, maintaining its bullish structure even as it tests support at $2.42 following the recent pullback from local highs.

Ripple Price Prediction: XRP Rally Stalls Amid Regulatory Uncertainty

XRP pared gains after touching $2.65, retreating to $2.44 as the broader crypto rally lost momentum. The initial surge followed Optimism around US-China trade relations and a limited UK bilateral agreement.

SEC Chair Paul Atkins signaled a shift toward structured crypto regulation, vowing to end ad hoc enforcement during a Crypto Task Force roundtable. "Policymaking will not depend on enforcement actions," Atkins stated, suggesting forthcoming framework development for digital asset markets.

Technical indicators turned bearish as XRP tested $2.40 support, with RSI approaching midline levels. The pullback reflects market recalibration after recent geopolitical-driven gains.

University of Brighton Professor Predicts Ripple (XRP) to Reach $6.10

Ripple’s native token XRP continues its bullish trajectory, currently trading around $2.50 with a staggering 400% annual gain. A $1,000 investment WOULD have yielded $5,000 in just one year, attracting new entrants hoping to capitalize on the ongoing rally.

Paul Levy, Senior Professor at the University of Brighton, asserts in a Finder analysis that XRP presents compelling opportunities across both short and long-term horizons. His $6.10 price prediction underscores growing institutional confidence in the altcoin’s underlying blockchain technology.