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Analyst Begs XRP Holders to Take Initial Deposit at This Price After Calling $40 Optimistic Target
Renowned analyst Egrag Crypto has issued a passionate appeal to the XRP community, urging holders to take their initial profits early and lock in gains while they can. Despite his optimistic projection of a $40 price target, he is advising investors to exercise discipline and secure their investment early.
Egrag’s latest analysis points to a potential “W” pattern on the XRP chart, which historically has led to significant bullish reversals. Based on this technical framework, he outlined three potential price targets for XRP: $15, $22, and $40. However, it is crucial to note that Egrag emphasizes the importance of capturing initial profits along the way.
The analyst’s primary concern lies not in the projected top or bottom but rather in navigating the range in between. He stresses the need to sell between peaks and valleys, ensuring a stable financial foundation.
Source: timestabloid.com
