Analyst Shares Where to Start Taking Profits When XRP Hits $44
March 26, 2025
A well-known analyst has identified an extended target for XRP, further sharing where market participants could consider taking profit.
Despite the occasional bullish developments, the XRP price has not recorded the much-needed explosive run. These developments have included progress on XRP ETFs, inclusion of XRP in a U.S. strategic stockpile and the SEC’s decision to drop its appeal against Ripple.
While bullish sentiments have sprung up with these developments, XRP has failed to breach the resistance level of around $2.6 to $2.8. However, analysts like EGRAG Crypto are confident that when a breakout occurs, the impact could be exceptional.
XRP Retesting Triangle Breakout
EGRAG stressed this in one of his recent analyses, bringing up what he called an “extended target” for the asset once it transcends this range-bound phase. His chart identified what appears to be an unconventional ascending triangle pattern on the weekly chart.
Specifically, the triangle features a flat upper trendline, indicating resistance around the $2 psychological level, and an upward-slanting lower trendline showing higher lows. Notably, while XRP observed higher lows, the resistance at the upper trendline hindered a breakout for nearly seven years.
The asset attempted to breach this resistance in April 2021 but observed a roadblock at $1.96. Interestingly, the next attempt came up in November to December 2024, during which XRP surpassed the $2 psychological mark. This allowed it to breach the upper trendline’s resistance.
However, EGRAG’s chart shows that the recent pullback from the January 2015 high of $3.4 is an attempt to retest the triangle breakout. Once this retest is complete and XRP maintains a position above $2 and the upper trendline, an explosive run could occur.
XRP Breakout Targets and Profit-Taking Zone
The analyst has presented multiple targets for when this explosive rally materializes, with the conservative target coming in at $15. This represents the lowest target for this run, demanding a 514% increase from the current XRP price. The next target, which comes from a normal measurement of the breakout, rests at $22.
Meanwhile, EGRAG’s personal target for the run has always been $27. Last December, EGRAG presented this $27 target following a breach of what he calls the Break of Structure (BOS). In January 2025, he also predicted a run to $27, citing a “Megaphone” pattern.
However, for this analysis, the market analyst believes XRP has the potential to surpass his personal target of $27. Accordingly, he revealed a more substantial “extended target” of $44, representing a massive 1,703% increase from current levels.
Despite his ambitious targets, EGRAG suggested that investors take profit to the top. According to him, market participants can start taking profit once XRP reaches $5 and then continue until the $9 mark. Currently, XRP changes hands at $2.44, up 1.12% over the past 24 hours.
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