Popular crypto analyst EGRAG CRYPTO has once again sparked debate among XRP holders, outlining a bold long-term roadmap that sees the token reaching as high as $27 this market cycle, but not before testing the patience of traders.
XRP’s Volatile Zone: “Hold or Sell?”
In a new post shared with his followers, EGRAG addressed the growing tension between short-term traders and long-term believers in XRP. “Some of you don’t really care about current ranges and are thinking long-term, like 10 years or more, if that’s you, keep doing what you’re doing,” he wrote.
However, for those eyeing the next few months, the analyst acknowledged the frustration of watching XRP slip from the $2.80 zone down to around $2.50. Referencing another well-known trader, @BCBacker, who exited near the highs, EGRAG said those wishing to sell could do so, but warned that re-entering later may come with regret.
“I’m sharing my strategy, not financial advice,” he added, clarifying that his personal stance remains unchanged: he is not selling.
Technical Setup: The Descending Broadening Wedge
EGRAG’s latest chart analysis focuses on a Descending Broadening Wedge pattern, a formation that statistically breaks upward 57% of the time. Yet, he noted it still carries a 43% downside risk, cautioning that traders fearful of further dips could exit and re-enter around the $0.50 level if the bearish scenario plays out.
For the bullish case, his measured move points to a breakout towards $9, a target supported by the pattern’s historical probability. EGRAG also revealed that his own leveraged long position had been liquidated at $1.35, showing how sudden volatility can punish even seasoned traders. “I don’t promote leverage, it can destroy good setups overnight,” he stressed.
Revisiting 2021’s Playbook
EGRAG drew parallels to XRP’s 2021 cycle, when the token surged roughly 1,700% from its lows. So far, this cycle has only produced a 1,160% increase, a performance he views as incomplete.
“I can’t accept the idea that we’ll underperform the last cycle by 540%, especially with all the current narratives and global adoption developments,” he said. Based on that framework, a similar percentage gain would push XRP’s potential peak to around $5.20, with a “modest” partial-profit zone at $5 before what he believes could become a much larger run.
Long-Term Outlook: $9, $20, and Beyond
EGRAG summarized his conviction in three points:
- He’s not selling now. Even if a bear market follows, he’s holding for long-term upside.
- Minimum target: $9, with an average expectation of $20 and a high-end projection near $27 this cycle.
- If this proves to be the top, he argues, “then we’re being rugged for the second cycle,” comparing XRP’s potential to Solana’s 3,600% rally and Bitcoin’s 840% gains in the same period.
Sentiment and Market Context
XRP is currently trading near $2.50, holding above key support while open interest on derivatives platforms remains steady. Analysts note that if XRP can sustain momentum alongside recent CME options listings for major altcoins like Solana and XRP itself, institutional participation could provide fresh liquidity to the market.
For now, EGRAG says he’s scaling back public commentary to focus on subscribers but reaffirmed his confidence: “I’ll keep you updated on important matters. My plan hasn’t changed, I’m holding.”