One analyst says this is your last chance to sell XRP for more than $ 3, which is the reason

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One analyst says this is your last chance to sell XRP for more than $ 3, which is the reason

One of the cryptocurrencies launched the alarm at the last minute Selling opportunity for XRPWith the high price at $ 3.33 as a major exit point. The analyst shared the reason for his belief that it is now the best time to sell the distinctive symbol, expecting a sharp decline that may lead to Craft to new low levels.

An analyst urges the sale of XRP in preparation for correction

On January 23, a TradingView analyst called “Comeon25”. the introduction XRP scheme analysis Based on the theory of Elliot wave. And he predicted an imminent occurrence Prices collapse He urged investors and traders to get out of the market at the level of $ 3.33 before the expected correction occurred.

In the graph, the analyst unveiled the 1st wave and wave 2 of the XRP currency Elliot wave cycle He highlighted a period of cohesion while the wave was reflected 3 A strong bullish movementIt is characterized by great gains. On the contrary, the current wave is expected to lead to a wave Deep correction To new low levels. As a result, the analyst expects that this declining trend may lead to a major price collapse to the Fibonacci 5 correction level, with the fact that $ 2.5 is the potential goal.

A graph shows the exit point source: Comon25 on Tradingview

Data appears from CoinmarketCap that the price of XRP is circulating near $ 3.12, which means that the decrease to $ 2.5 will equate a decrease of approximately 20 %. Given this possibility Prices correctionThe analyst has set the price level of $ 3.33 as the last chance to sell alternative currency with a relatively high value.

Tradingview analyst also revealed a possible timetable for him Expectations of the accident. According to the chart expectations, the wave 4 correction is expected to start soon and will continue until March 25, 2025. This time frame allows investors and traders the possibility Sell their XRP currency Before the expected decline, which helps to avoid a significant financial loss.

rising Basics And the main purchase area

While “Come 25” warns of a possible collapse in the prices of XRP, the TradingView analyst has highlighted many of the upscale basics that can push the cryptocurrency to the long term. According to his graphic analysis, the main factor that supports the ups of the alternative currency is the possibility of a height The pro -encryption government during the reign of Donald TrumpDriving the company, which can create a favorable organizational environment for all encrypted currencies.

As the TradingView analyst also mentioned this Ripple moves to the United States (United States) As another important upper indicator. This step can be in line with the growing agendas in support of encrypted currencies in the country, enabling the Ripple to obtain more organizational clarity. Moreover, he highlighted the latter Advocacy landmarksWhere Japanese banks announced their intention to integrate XRP to facilitate the cross -border payments more effectively.

By moving from the XRP ups, the analyst’s scheme highlights the “purchase area” between $ 2.00 and $ 2.50 during the expected correction of the 4 wave. This area can represent a good entry point to take advantage of the possible heights in the last 5 wave of Elliot.