XRP Is About to Enter the "Final Wave"? Experts Warn of Peak Near Node, Investors Should Take Profit

Tony Severino, a seasoned Bitcoin trader, has issued a new assessment of XRP, indicating that the ongoing bullish phase may be nearing its conclusion. Although the upward momentum remains strong, Severino emphasizes that traders should now prioritize risk management and establish clear exit order plans. Current Price Movement and Technical Outlook of XRP XRP has recently attempted to break into the price discovery phase after escaping a long-standing symmetrical triangle pattern that has constrained its growth since 2018. This cryptocurrency reached $3.66 in July, marking a seven-year high, before undergoing a slight correction. Currently, XRP is trading at $3.11. Severino points out that technical indicators, including the Fisher Transform, are nearing levels observed in previous major peaks in 2017 and 2021. Both previous times saw significant downturns, indicating that caution is warranted even in a bullish price context. Based on this pattern, Severino recommends placing a limit sell order in advance to secure profits before the price potentially runs out.

Comparing Potential Peaks and History Severino's analysis indicates a similarity between the current volatility and the bullish run of XRP at the end of 2017, when the price of this token rose from below $0.01 to over $3 in about nine weeks. He predicts that the current bullish trend could occur within a similar timeframe, but compressed. In a previous commentary, Severino suggested that the "final wave" of XRP could reach a high of $12.73 within approximately 40 days, indicating the possibility of peaking around the end of August to early September. Other market observers are even more optimistic, setting year-end targets around $50 to $99. Despite these forecasts, Severino still emphasizes the importance of calculated trading, especially for retail investors. The Importance of Risk Management Strategy Although Severino remains optimistic, he emphasizes the importance of disciplined profit-taking. His personal target for exit orders is between 8 and 13 dollars. He is not the only one warning about the possibility of a reversal after reaching a peak. Analyst Jaydee warns that although XRP may experience a strong bullish rally reminiscent of the 2017 performance, only a small fraction of investors are likely to realize significant profits. He notes that many participants could face risks if they do not exit strategically. EGRAG, another cryptocurrency analyst, also shares this concern, predicting similar recession scenarios when XRP peaks. He outlined two possible scenarios. The first scenario expects the token price to reach $27 before dropping approximately 97% to $0.80, while the more moderate scenario predicts the price will peak at $9, then decrease by 85% to $1.30. EGRAG also notes that a drop below $0.30 is still within the realm of possibility based on historical cycle models. While some experts, including Michael Saylor and Matt Hougan of Bitwise, argue that institutional participation has changed market dynamics, analysts like EGRAG believe that cyclical trends remain important and price adjustments may occur. Although predictions about the peak of XRP vary greatly, analysts agree that the current bullish trend is in its final stage. Historical trends show that significant corrections often occur after strong rallies, making disciplined exit order strategies essential to protect profits.