XRP News Today: XRP Rally Enters Critical Phase as Traders Warn of Potential Reversal

XRP traders are being advised to prepare for a potential exit as veteran trader Tony Severino suggests that the current price rally could be nearing its conclusion. Severino, known for his expertise in Bitcoin trading, has highlighted that while XRP has shown strong momentum, the market is entering a phase where caution and disciplined risk management are essential [1]. His assessment underscores the importance of setting sell-limit orders in advance to secure profits before a potential reversal.

XRP has recently moved out of a long-standing symmetrical triangle that had constrained its price since 2018. The token reached $3.66 in July, a seven-year high, before retreating slightly to $3.11. Technical indicators such as the Fisher Transform suggest that the current price levels are similar to those observed during previous major peaks in 2017 and 2021—both followed by significant declines [1]. This historical pattern has led Severino to urge investors to remain cautious, even amid the ongoing rally.

Severino’s analysis draws comparisons to XRP’s late-2017 surge, when the token rose from under $0.01 to over $3 in about nine weeks. He projects that the current rally could follow a similar, though more compressed, trajectory. In a prior commentary, he suggested that XRP’s “final wave” might peak at $12.73 within roughly 40 days, placing the potential peak between late August and early September [1]. Other analysts, however, have more bullish forecasts, with some estimating end-of-year targets as high as $50 to $99 [1].

Despite these optimistic projections, Severino emphasizes the need for measured trading, especially for retail investors. He has set personal exit targets between $8 and $13, aligning with broader market caution. Analyst Jaydee has echoed this sentiment, noting that while a sharp surge similar to 2017 is possible, only a small portion of investors are likely to benefit significantly unless they exit strategically [1].

EGRAG, another prominent analyst, has outlined two potential scenarios should XRP reach a peak. One suggests a rise to $27 followed by a 97% drop to $0.80, while a more moderate case predicts a high of $9 and an 85% decline to $1.30. EGRAG also highlights the possibility of a further drop below $0.30 based on historical cycle patterns [1]. These forecasts contrast with more bullish opinions, such as that of Patrick Riley, who forecasts XRP reaching $22 in the current cycle [5]. This divergence reflects the uncertainty surrounding XRP’s next major move.

The market is closely watching whether XRP can break above the $3.33 resistance level, a key threshold that could trigger a rally toward $4.39 or even $5.85 [4]. A decisive breakout would signal renewed bullish momentum, while a failure to surpass the level could lead to a sharp reversal. Analysts also suggest that consolidation near $3.05 may occur before the next major price shift [4]. This volatility reinforces the need for clear exit strategies.

As the market anticipates a decisive price move, the consensus among veteran traders is growing that the XRP rally is in an advanced stage. While opinions on the token’s future trajectory differ, the broader message is clear: investors should remain cautious and prepared for either a continuation of the bullish trend or a significant correction.

Sources:

[1] Times, [https://timestabloid.com/veteran-trader-to-xrp-holders-the-end-is-near/](https://timestabloid.com/veteran-trader-to-xrp-holders-the-end-is-near/)

[4] CoinEdition, [https://cryptorank.io/news/feed/477e9-xrp-price-analysis-3-33-resistance-breakout](https://cryptorank.io/news/feed/477e9-xrp-price-analysis-3-33-resistance-breakout)

[5] Cryptonews, [https://cryptonews.com/news/xrp-price-prediction-veteran-analyst-declares-xrp-a-must-buy-charts-point-to-explosive-upside/](https://cryptonews.com/news/xrp-price-prediction-veteran-analyst-declares-xrp-a-must-buy-charts-point-to-explosive-upside/)