XRP News Today: Egrag Crypto Spots Three XRP Profit Zones via Elliott Wave Theory at 123.6-161.8% Retracement Levels

Egrag Crypto, a prominent cryptocurrency analyst, has outlined a strategic framework for XRP (XRP) price action based on Elliott Wave theory, identifying three key profit-taking zones amid the asset’s ongoing bullish trend. The analysis, shared on July 17, 2025, emphasizes the importance of dynamic decision-making over speculative forecasts, urging traders to focus on structured profit realization rather than fixating on specific target prices [1]. The most immediate opportunity, labeled the “Most Sell-Off Region,” spans $4–$6, calculated using Fibonacci extensions of prior waves as a threshold for early exits by seasoned market participants. Egrag notes this range represents a 123.6% to 161.8% retracement level, aligning with historical patterns where large positions are typically offloaded [1].

A secondary target, the “Most Possible Region” between $11–$13, emerges from a five-wave structure analysis, where Wave 5 equals or reaches 61.8% of the combined length of Waves 1 and 3. This range is positioned as a balanced projection, reflecting typical market behavior observed in prior cycles. Egrag highlights that this zone is more likely than the high-end scenario, given its alignment with commonly observed Fibonacci ratios in multi-wave trends [1]. The analyst also references a mini wave count to support this projection, though details are reserved for subscribers.

The most ambitious forecast, the “High-End Region” of $27–$30, is derived from an extended wave count tracing back to March 2020. Under this framework, Wave 3 could see a 1,750% increase—1.618 times a prior 1,044% move—capping at $27.67 before a potential correction. While Egrag acknowledges the speculative nature of this target, he frames it as a long-term possibility for those who manage positions with precise timing and adaptability [1]. Notably, the analyst cautions against treating fixed levels like $27, $17, or $50 as guarantees, stressing that market unpredictability often renders such projections obsolete [1].

Egrag’s approach underscores a philosophy of liquidity management and historical awareness. He advises traders to avoid “anchoring” to high targets and instead employ average-out strategies during favorable price regions. The analyst’s methodology is rooted in the idea that market success hinges on reacting to conditions rather than predicting them: “You cannot control it, stop it, or slow it… you just have to react” [1]. This perspective is reinforced by broader market observations, such as XRP’s recent consolidation above $3.00—a critical support level that, if breached, could disrupt the bullish setup. Analyst CasiTrades notes that XRP’s failure to form a lower low below $3.00 suggests a potential reversal within a larger uptrend, with a 0.854 Fibonacci retracement level at $3.21 as a key near-term focus [2]. A successful rebound above this threshold could push XRP toward $3.82, a level tied to both Fibonacci extensions and historical highs [2].

The interplay between short-term volatility and long-term bullish dynamics remains central to XRP’s trajectory. While traders debate the likelihood of reaching $30, Egrag’s framework prioritizes accessible profit zones like $4–$6 and $11–$13, which offer more immediate opportunities as the asset consolidates. The analyst also warns against overreliance on historical analogies, noting that evolving market conditions can rapidly invalidate fixed targets [1].

Additional context from CasiTrades highlights a weekend lull as a potential precursor to a breakout, with quiet periods often preceding sudden momentum shifts. A sustained hold above $3.00 could catalyze a test of $3.21, but any movement toward higher targets depends on maintaining bullish momentum without breaching critical support levels [3]. This reinforces the need for disciplined risk management, as even a minor retracement could alter the trajectory of XRP’s upward trend.

Sources:

[1] [Egrag Crypto on XRP Profit-Taking: Wave 3 Places Us ...](https://timestabloid.com/egrag-crypto-on-xrp-profit-taking-wave-3-places-us-between-27-and-30/)

[2] [XRP's $30 Dream? Wave Analysis Unfolds As Price Eyes ...](https://www.tronweekly.com/xrps-30-wave-analysis-unfolds-critical-breakout/)

[3] [XRP's $30 Dream? Wave Analysis Unfolds As Price Eyes ...](https://www.tronweekly.com/xrps-30-wave-analysis-unfolds-critical-breakout/)