Market watcher, Bassii shares his XRP take-profit targets if XRP follows or deviates from the 2017 fractal in this bull run.
In December 2024, Bassii said XRP could replicate the 2017 bull run. The analyst highlighted similarities between the current market structure and the fractal pattern from 2017. This fractal, which led XRP to surge by nearly 60,000%, culminated in its all-time high of $3.31 in January 2018.
For context, in 2017, XRP began its historic rally with a 284% increase in March before skyrocketing further. In November 2024, XRP exhibited a similar trend, starting its latest uptrend with a 283% gain.
This similarity has now fueled speculation among investors and analysts that history could repeat. However, analysts like Bassii are cautious, stressing that the market needs to confirm this theory before traders can make conclusions.
Key XRP Take-Profit Strategies Based on Fractal Validation
Most recently, Bassii revealed a detailed plan tailored to his personal investment strategy. This plan sets specific targets and percentages for taking profits, depending on whether XRP follows or deviates from the 2017 fractal.
If the market confirms the 2017 pattern, Bassii plans to sell 15% of his holdings when XRP reaches $4-$5. At this stage, he will wait for further confirmation that the fractal is indeed playing out. If the pattern holds, his next target is between $7 and $8.50, where he intends to sell 80-85% of his holdings.
Following this, the analyst anticipates a 30-40% correction in XRP’s price. At around $5, he plans to re-enter the market, buying back 50-60% of the previously sold holdings.
His final target lies between $25 and $35, where he aims to sell 90-95% of his total holdings. He plans to start scaling out at $20, selling in increments.
XRP Strategy for Invalidated Fractals
In contrast, if XRP deviates from the 2017 fractal, the plan changes. For this scenario, he still intends to sell 15% of his holdings at $4-$5.
However, the next target range shifts to $8-$10, where he plans to sell 85% of his holdings.
Notably, in this scenario, Bassii says he will not re-enter the market after selling. He emphasizes that a fractal rejection will change his approach entirely. This would lead to a more conservative strategy moving forward.
The analyst further identified clear criteria to determine whether the 2017 fractal is being followed. For validation, he looks for large bullish weekly candles starting immediately, with a new all-time high for XRP within 2-3 weeks.
Conversely, fractal rejection would occur if XRP experiences any red weekly candles in the coming weeks or fails to close above $5 by the end of week four. Currently, XRP trades for $2.29 and would need to increase 108% to claim the $5 mark.
