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XRP W Pattern Could Lead XRP to $40, But Here’s Where to Start Taking Profit
The cryptocurrency market has been abuzz with a plethora of price predictions for various altcoins. One such prediction is from EGRAG Crypto, which suggests that XRP could potentially hit the astonishing mark of $40. However, according to the same market technician, investors should take profits at much lower prices.
EGRAG’s analysis highlights a crucial W pattern that has been in place since January 2018 and has recently concluded. This W pattern is nothing short of extraordinary considering its longevity, but its implications could lead to an enormous gain for XRP holders. The crypto asset has finally started wave three (Wave C), which will likely take the price to at least $15 as EGRAG predicts.
While such a gain would be phenomenal, it’s crucial that investors do not get caught up in the hype and instead prioritize profit-taking strategies. This sentiment echoes sentiments expressed by other prominent market analysts who emphasize the importance of preserving profits while allowing for some risk taking.
Source: thecryptobasic.com
