Analyst Reveals His XRP Sell Targets, Says These Levels Could Upset a Lot of Maxis
The post Analyst Reveals His XRP Sell Targets, Says These Levels Could Upset a Lot of Maxis appeared on BitcoinEthereumNews.com.
Mr. Xoom, a prominent XRP analyst, has presented his bullish sell targets, but suggests they might not sit well with some proponents. According to the analyst, this is because most of these proponents may find their targets too conservative. For context, with investors anticipating an XRP breakout since the asset’s collapse in January 2018, this seven-year wait has triggered an appetite for greater returns. Mr. Xoom Reveals His XRP Take-Profit Targets However, Mr. Xoom is looking to take profit on his XRP bag at lower targets. In his latest commentary, he first disclosed that he sold 15% of his XRP holdings when the asset claimed $2.8. Notably, XRP has hit $2.8 four times this bull run. This occurred in December 2024, January 2025, February 2025, and March 2025. While Mr. Xoom failed to highlight the exact moment, he also confirmed that he re-bought XRP when the asset dropped to $2. An investor questioned the practicality of such a move, considering tax implications. However, Xoom stressed that he does not pay taxes, being a Dubai resident. Now, the market analyst plans to sell another 15% of his holdings once XRP claims the $4.5 to $5 region. This level would mark a 102% to 124% increase from XRP’s current price of $2.23. Interestingly, trader Crypto Beast also plans to take profit of around $5, when his XRP investment grows to $10 million. Meanwhile, after selling 15% of his XRP investment at $4.5 to $5, Mr. Xoom revealed he would hold onto the rest of the bag until XRP claims the $7 to $8 price area, representing a 214% to 259% rise from current levels. The analyst had confirmed this in a February disclosure in which he lined up his TP targets on different assets. However, despite planning to take profit at $8,…
Filed under: News - @ June 9, 2025 10:31 pm