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HomeCryptocurrencyEgrag Crypto: Selling XRP Now Makes No Sense. Here's Why

Egrag Crypto: Selling XRP Now Makes No Sense. Here’s Why

Recent instability in the cryptocurrency market has renewed debate over XRP’s short and medium-term outlook. The asset has declined by roughly 8% over the last seven days and is currently trading around $1.92, representing a drop of nearly 49% from its July peak of $3.66.

This pullback has divided opinion among investors, with uncertainty growing over whether the move reflects a deeper trend reversal or a temporary retracement.

Amid this backdrop, market technician EGRAG Crypto has maintained that selling XRP at present levels is a flawed decision. According to his assessment, the current price structure does not support liquidation, regardless of whether the broader market ultimately shifts into a bullish continuation or a sustained downturn.

Selling Viewed as Unwise Even in a Bearish Scenario

EGRAG has stated that even if the market has already entered a bearish phase, reducing exposure at this stage would still be ill-timed. He argues that market declines are rarely linear and often include countertrend movements after periods of weakness.

In such conditions, prices can experience short-term rebounds that offer better exit opportunities than those available during heightened selling pressure.

From his analysis, if bearish control were firmly established, XRP could still register a temporary upward move before any further decline. As a result, selling into the current weakness may lead to missed opportunities should prices recover in the near term.

Current Price Action Framed as a Correction

The analyst also characterizes the present decline as a sentiment-driven phase rather than a definitive breakdown. He suggests that fear is currently influencing decision-making, which historically has not aligned with optimal selling conditions.

In his view, more experienced participants typically distribute holdings during periods of widespread optimism, not during phases dominated by caution.

EGRAG’s chart analysis indicates that the recent move appears to be a corrective reset rather than a structural failure. He further notes that even participants with a bearish outlook may find more favorable price levels to exit later, should the market stabilize or rebound.

Long-Term Structure Suggests Significant Upside Potential

In addition to near-term considerations, EGRAG points to XRP’s long-term price history. Previous extended consolidation periods have been followed by substantial advances once resistance levels were surpassed. Historical data show multiple instances where prolonged accumulation preceded strong upward movements of varying magnitudes.

XRP has now traded below its prior all-time high of $3.84 for several years, marking one of its longest consolidation phases to date. Based on historical averages from earlier cycles, EGRAG estimates that a confirmed breakout could eventually produce gains several times above current levels. His long-standing projection includes a potential move toward $27 under favorable market conditions.

Overall, EGRAG’s analysis concludes that selling XRP at current prices lacks technical justification. By examining market structure, investor behavior, and historical trends, he maintains that holding positions presently offers a more rational risk profile than exiting amid ongoing uncertainty.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Zaccheaus Ogunjobi
Zaccheaus Ogunjobi
I am a passionate and experienced writer with a strong focus on cryptocurrency and the financial landscape. With a keen eye for market trends and emerging financial technologies, I strive to deliver insightful, well-researched content that educates and informs. Whether breaking down complex financial concepts or analyzing the latest market movements, my goal is to make finance accessible and engaging for a wide audience.
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