Introduction:
Market analyst Bassii has offered a thorough profit-taking approach for XRP. His strategy takes into account situations where the cryptocurrency either mirrors or strays from its 2017 pattern. Let’s explore his thoughts and get ready for the ongoing bull market.
A Look Back at the 2017 XRP Fractal
In December 2024, Bassii highlighted very defined similarities between the current market structure and XRP’s historic 2017 bull run. Back then, XRP rushed nearly 60,000%, peaking at an all-time high of $3.31 in January 2018.
For context, XRP’s 2017 rally began with a 284% surge in March, followed by exponential gains. Interestingly, November 2024 saw XRP replicate this initial uptrend with a 283% increase, sparking speculation that history might repeat itself.
While the similarities are compelling, Bassii and other analysts stress caution. They emphasize that the market must confirm this pattern before traders act on it.
Bassii’s Take-Profit Plan: If XRP Follows the 2017 Fractal
If the 2017 fractal plays out, Bassii has outlined a meticulous take-profit plan:
- First Profit Target: $4-$5
- Sell 15% of holdings once XRP reaches $4-$5.
- Wait for further confirmation of the fractal’s validity.
- Second Profit Target: $7-$8.50
- Sell 80-85% of holdings if the pattern continues to hold.
- Post-Correction Re-Entry
- Anticipates a 30-40% price correction after the second target.
- Plans to re-enter the market at around $5, buying back 50-60% of previously sold holdings.
- Final Profit Target: $25-$35
- Start scaling out at $20, selling in increments.
- Sell 90-95% of total holdings when XRP hits the $25-$35 range.
Bassii’s Plan: If XRP Deviates from the 2017 Fractal
If XRP diverges from the 2017 fractal, Bassii’s strategy shifts significantly:
- First Profit Target Remains: $4-$5
- Sell 15% of holdings at this range, as in the fractal-following scenario.
- Adjusted Second Profit Target: $8-$10
- Sell 85% of holdings between $8 and $10.
- No Re-Entry Strategy
- Unlike the fractal-following scenario, Bassii will not re-enter the market after selling.
- Emphasizes a more conservative approach moving forward.
How Bassii Determines Fractal Confirmation or Rejection
Bassii has outlined clear criteria to validate whether the 2017 fractal is unfolding:
Confirmation Signs:
- Large bullish weekly candles starting immediately.
- XRP reaching a new all-time high within 2-3 weeks.
Rejection Signs:
- Any red weekly candles in the coming weeks.
- XRP failing to close above $5 by the end of week four.
Where XRP Stands Now
At present, XRP trades at $2.29, requiring a 108% increase to hit the critical $5 mark. Investors are closely watching price action and market conditions to determine whether the 2017 fractal is taking shape or breaking down.
Conclusion
Bassii’s take-profit strategy offers a thoughtful approach to navigating XRP’s potential bull run. Whether the cryptocurrency mirrors its historic performance or takes a different path, his plan emphasizes caution, adaptability, and discipline—key traits for any savvy investor.
Are you prepared to navigate the XRP market with clarity and strategy? Let’s see how this exciting journey unfolds!
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