Analyst Unveils Extended XRP Price Target To $44, Reveals When To Take Profits

Source Newsbtc

Egrag Crypto, a prominent crypto market analyst on X (formerly Twitter), has unveiled new bullish projections for the XRP price, with an ambitious extended target of $44. The price forecast has sparked excitement among investors, especially as the analyst reveals the ideal time to take profits. 

XRP Price Next Bullish Targets Unveiled

On March 25, Egrag Crypto shared an XRP price analysis, revealing several measured bullish targets for the cryptocurrency. The analyst predicted that his extended or long-term price target for XRP was $44, representing a massive 1,688% increase from its present market value. 

Egrag Crypto’s future price projections for XRP highlight a conservative target of $15, a normal measurement of $22, a personal target of $27, and an extended measurement of $44. While the extended bullish target represents the most ambitious scenario, considering XRP is still trading under $3, the analyst suggests that the cryptocurrency could first reach these intermediate levels before making a push toward $44.

XRP

Notably, the analyst has shared a chart, highlighting XRP’s support and resistance levels, and historic trendlines. The upward blue trendline represents a long-term rising support level at $1.99. Additionally, the white and black horizontal lines in the chart show that the XRP price recently broke above a key resistance zone, further reinforcing its bullish position. 

Egrag Crypto also cites XRP’s historical price action and trend lines as support for his projected bullish targets. The yellow arrow in the chart shows that in 2018, the cryptocurrency experienced a major price surge to its current ATH of $3.84. As highlighted by the blue arrow, another major price spike occurred in the last bull run in 2021.

Following this bull market trend, XRP is expected to rally again before the end of the bull cycle in Q4 2025. While this projected surge to $44 may seem rather ambitious, XRP has historically demonstrated the potential for exponential growth during bull cycles. Just this year, the cryptocurrency had surpassed expectations, jumping from $0.5 to $3 for the first time in almost 7 years. 

When Traders Can Take Profits

While the extended bullish measurement of $44 is an optimistic scenario for the XRP price, Egrag Crypto has advised investors to be strategic with their profit-taking approach. The analyst suggests that traders can consider securing profits as prices gradually go up rather than waiting for the highest possible price, which can be unpredictable. This strategy prioritizes risk management, guaranteeing some returns even if the price of the cryptocurrency later drops. 

Egrag Crypto’s XRP price chart shows that during the last rally, the analyst took profits early at $2.42 instead of waiting for a price peak. This time, he has identified the price point between $5 and $9 as a key zone where traders can start taking profits before XRP reaches its first conservative target of $15.

XRP
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
WTI rally takes a timeout amid signs of US-Iran war de-escalationWest Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.
Author  FXStreet
7 hours ago
West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.
placeholder
Gold recovers above $4,100 as traders assess US-Iran conflict Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.
Author  FXStreet
16 hours ago
Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.
placeholder
WTI consolidates below $72.00 as traders monitor geopolitical developmentsWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies during the Asian session on Friday, stalling the previous day's downfall amid mixed messaging from the US and Iran.
Author  FXStreet
16 hours ago
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies during the Asian session on Friday, stalling the previous day's downfall amid mixed messaging from the US and Iran.
placeholder
WTI Crude Oil Price Forecast: US-Iran Conflict Reignites, Will a New Round of Oil Price Rises Begin? As of the Asian session on July 9, after WTI ( USOIL) crude oil prices rebounded sharply for two consecutive trading days, oil prices hovered and adjusted around $73.30 today. From the te
Author  TradingKey
Yesterday 08: 56
As of the Asian session on July 9, after WTI ( USOIL) crude oil prices rebounded sharply for two consecutive trading days, oil prices hovered and adjusted around $73.30 today. From the te
placeholder
British Pound strengthens to near 1.3400 as UK political risk fades The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty.
Author  FXStreet
Yesterday 02: 03
The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty.
goTop
quote