The analyst warns of a potential 50-60% decline in xrp's price, intensified downside risks, and identifies an 'exit candle' pump that would follow such a crash. external factors like us regulatory changes and a potential new fed chair could also significantly accelerate bearish pressure.
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The overall sentiment from analyst egrag crypto is a strong warning of a bearish phase, intensified downside risks, and a potential significant price decline before any 'exit candle' pump. he highlights external factors that could exacerbate this downside pressure.
The analysis focuses on immediate downside risks and a short-term 'exit candle' pump after a potential crash. regulatory and political developments are also factors that can trigger swift market reactions.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP investors are closely monitoring market signals as the cryptocurrency navigates turbulent trading conditions and choppy price action . A recent analysis by market analyst Egrag Crypto identifies a critical exit candle, which could signal the next major step for XRP holders. As volatility increases and downside risks intensify , traders are debating whether to hold, sell, or buy more assets. Analyst Identifies XRP Investors’ Next Exit Candle Egrag Crypto shared a cautious chart analysis for XRP on X this week, highlighting the importance of understanding upcoming price movements if the market is indeed in a bearish phase . He warned that if traders truly believed XRP could decline another 50-60%, then the pump after this price crash should be considered the traders’ next exit candle. Related Reading XRP Price Falls Below $1.6: You Won’t Believe What Institutions Are Doing Amid The Crash 3 days ago Although he highlighted an exit pump for investors, Egrag Crypto stated that he will not sell his XRP and intends to hold it even if prices fall below $1. He emphasized that, unless XRP breaks below the blue support channel in the chart, his strategy remains long-term, ignoring the market noise. Source: Chart from Egrag Crypto on X The analyst further noted that XRP’s market structure could soon challenge bearish sentiment , potentially forcing many traders to exit in panic. He said that external factors, such as regulatory changes in the United States (US), could pose significant risks for investors. In particular, Egrag Crypto highlighted the possibility of US President Donald Trump appointing Kevin Warsh as new FED chair , replacing former chairman Jay Clayton. The crypto expert said that if this happens, things could get even worse in the market, potentially accelerating downside pressure. Despite the warnings of a bearish outlook for XRP , Egrag Crypto emphasized that many investors will follow their own strategies. He said that some will continue to hold XRP even if it goes back to $0.5, marking a more than 83% decline from its price high above $3 earlier last year . He also stated that other investors might see the decline as an opportunity to buy and accumulate more tokens, ahead of any future price surges. Market Discipline and Emotional Strategy Remain Critical At the start of his post, Egrag Crypto stressed that his XRP chart analysis is meant to guide investors facing panic, confusion, or emotional overload due to recent market downturns and sudden price crashes . He compared being a crypto investor and trader to competitive sports like basketball or football, describing it as a game that requires skills, preparation, and patience to succeed. Related Reading Pundit Says XRP Price Is Not A ‘Crypto’ Question, But A Systemically Important Liquidity Asset 1 week ago Since the market runs 24/7, Egrag Crypto asserts that managing both emotional and financial resources is essential. He advised traders to step away from the market when needed and avoid letting any asset dominate their emotional state. He also highlighted the importance of strategy and discipline when investing or trading. XRP trading at $1.41 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com