A market analyst has shared what he believes is the ideal XRP selling strategy for those expecting XRP to reach a two-digit price.
This strategy, revealed by trader Robart, comes on the back of the growing confidence in XRP’s potential this cycle. Notably, this optimism has been fueled by multiple factors such as latest ETF developments, as the SEC acknowledges several filings, and the anticipated settlement in the Ripple vs. SEC lawsuit.
Amid this anticipation, bullish projections have dominated the XRP community. While some have predicted an imminent appreciation to a new all-time high at $6, others, like Alex Clay, expect a more substantial run to $10 is possible. Meanwhile, Edoardo Farina believes the $10 price might just be the beginning, urging investors not to sell at this price.
Selling Strategy for Investors Eyeing XRP to $10 Target
Despite this, some proponents see $10, which would mark a 332% increase from current prices, as a good exit point. Interestingly, in his latest commentary, analyst Robart directed what he believes is the ideal selling strategy for individuals who are targeting the $10 mark.
If your target for say XRP is $10, sell a portion at $3 and 5.
Then sell at $10.
Keep selling portions on the way up.
— 💫ROB ART🚀CRYPTO COINS CREW (@SirRobArtII1) February 23, 2025
According to him, such investors are better off selling a portion of their XRP tokens first at $3. For context, XRP, which previously reached a seven-year peak of $3.4 last month, has now collapsed below the $3 mark, currently trading for $2.80. Robart believes selling a portion of one’s holding when XRP reclaims $3 is advisable.
From here, should the token appreciate further to the $5 mark, a new all-time high, Robart advises investors to offload some of their holdings as well. Afterward, when XRP eventually claims the ultimate $10 target, the analyst then suggests these investors can sell off the rest of their holdings at the target price.
Benefits of This Method
For context, traders call this approach “scaling out” or “laddering out.” Notably, instead of selling everything at once, investors gradually offload portions of their holdings at different price levels.
The method helps secure profits along the way, manage risk in case the price reverses, and still benefit if the asset recovers. For instance, those who sold when XRP claimed $3.4 have already locked in profit at that price despite XRP eventually falling below that level.
In addition, the scaling-out approach can help traders avoid emotional decision-making while maximizing potential gains. EGRAG Crypto, another prominent analyst who has consistently projected XRP to reach the $27 mark, also advocates for this technique. In a reply, he agreed with Robart’s disclosure.
Interestingly, while addressing the possibility of an XRP drop and a subsequent recovery last month, EGRAG confirmed that he would employ this strategy. According to him, he would decide the amount to sell when XRP hits between $3 and $5.
In fact, I will look at the overall picture when the price is between $3 and $5. Based on that, I'll decide how much % to sell, but I will definitely sell a portion.
— EGRAG CRYPTO (@egragcrypto) January 9, 2025
Currently, XRP is trading at $2.80 after a 33% gain, as Trump confirmed it to be part of the US Crypto Reserve.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
