A prominent crypto analyst known as Doctor Profit has made waves in the crypto community by announcing a major portfolio shift from XRP to Ethereum, citing potential gains of up to $7,600 for ETH. This strategic move comes as Ethereum shows strong momentum toward the $3,000 level.
Strategic Exit from XRP After 600% Gains
Doctor Profit, who commands an audience of over 400,000 followers on X (formerly Twitter), revealed that his initial XRP investment was made at prices between $0.2 and $0.5. The trader successfully captured a remarkable 608% return on investment before executing this strategic transition to Ethereum.
Ethereum’s Bullish Technical Setup
The decision to pivot to Ethereum is backed by compelling technical analysis. Doctor Profit’s thesis aligns with recent market developments, as Bitcoin’s surge past $111,000 has historically preceded significant Ethereum rallies.
Key Price Targets and Market Analysis
- Initial resistance: $4,000
- Ultimate price target: $7,600
- Current market structure: Bullish technical, on-chain, and psychological indicators
Track Record of Accurate Predictions
Doctor Profit’s credibility is bolstered by his accurate prediction of Bitcoin’s bottom at $77,000 during the January-March 2025 decline. His subsequent forecast of Bitcoin surpassing $100,000 and reaching new all-time highs has already materialized.
FAQ
Why did Doctor Profit choose to exit XRP now?
The trader views XRP as a long-term investment but sees more immediate potential for capital appreciation in Ethereum’s current market setup.
What technical indicators support the $7,600 Ethereum target?
The analysis combines on-chain metrics, technical patterns, and psychological price levels, with significant liquidity pooling around the $4,000 mark.
Is this a permanent exit from XRP?
No, Doctor Profit indicated plans to potentially re-enter XRP positions at lower prices after capitalizing on Ethereum’s expected growth phase.