Prominent cryptocurrency analyst Egrag Crypto has recently shared insights on XRP’s price trajectory and market behavior, highlighting short-term optimism and long-term caution.
In a tweet, the analyst emphasized that while the Relative Strength Index (RSI) indicates continued growth potential, a significant market correction may occur in March 2025.
Short-Term Outlook
According to Egrag Crypto, XRP’s RSI on the two-week timeframe has reversed, signaling further room for growth. The RSI, a technical indicator used to assess market momentum, has become a key metric for mid-term price predictions.
XRP is currently trading at $3.28, reflecting a 1.09% increase in the past 24 hours and a remarkable 39.83% gain over the last week, according to data from CoinMarketCap.
Egrag Crypto remains optimistic in the immediate term, forecasting XRP to reach between $4 and $5 before the anticipated market correction. This projection aligns with the broader bullish sentiment surrounding XRP, supported by recent price gains and increasing market activity.
#XRP – #RSI – No Need for TA to See What's Next:
I remain confident that we may experience a significant dip or crash in March 2025. However, for now, the #RSI still has room to grow, having reversed on the two-week timeframe—an important mid-term indicator.
When I begin… pic.twitter.com/Zbh36iGNy2
— EGRAG CRYPTO (@egragcrypto) January 17, 2025
Long-Term Concerns: Anticipated March 2025 Correction
While the analyst acknowledges the ongoing bullish momentum, he warns that markets operate in cycles and a heavy correction would occur in March 2025. Egrag stated, “I remain confident that we may experience a significant dip or crash in March 2025.” However, he also clarified that this correction would pave the way for a resumption of the broader bull run.
Egrag noted that market participants tend to disregard potential downturns during periods of euphoria, which often leads to overexposure and losses. He emphasized the importance of recognizing that markets move in waves, urging traders to prepare for inevitable corrections.
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Portfolio Strategy
In response to a question from an X user, Aloha Man, Egrag revealed that he might sell 30% to 40% of his XRP holdings by March 2025.
This measured approach indicates a cautious yet strategic outlook, balancing profit-taking with long-term investment. The analyst also promised to share bearish charts as a warning when he decides to sell, demonstrating his commitment to transparency.
Community Reactions and Broader Implications
Egrag’s tweet has sparked discussions within the XRP community , with many expressing appreciation for his detailed analysis. While some remain focused on the short-term price target of $4 to $5, others are already considering strategies to navigate the potential March correction.
The broader market implications of this forecast are significant, especially as XRP continues to gain traction. Market participants are advised to monitor key indicators such as RSI and broader market trends to make informed decisions.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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