XRP entered a critical point ahead of its monthly close as crypto analyst JD (@jaydee_757) shared a chart highlighting an important technical level for the asset.
In a post on X, JD pointed to $1.34 as the level traders should watch. According to the analyst, if XRP fails to close above that mark, the monthly candle would create a “POTENTIAL BEARISH ENGULFING CANDLE.”
He shared a long-term XRP chart that combines several technical patterns. The chart focuses on XRP’s price action from 2018 through the present. It also outlines a possible path for the asset over the coming months and years.
Monthly close today! If $XRP doesn't close above $1.34, candle would create a POTENTIAL BEARISH ENGULFING CANDLE🤦♂️
Posting updates on Patreon w/my plan! Either we RETIRE the bloodline this year or in 2-3 years!
RT & I'll post update on X! LETS GET RICHER like last cycle!… pic.twitter.com/AlKe21gr7B
— JD 🇵🇭 (@jaydee_757) May 31, 2026
Chart Shows Major Resistance Test
JD’s chart features a large symmetrical triangle that has developed over several years. A descending resistance line stretches from XRP’s 2018 peak, while an ascending support line connects the major lows since 2020.
XRP broke out of this pattern in late 2024 after it surged by more than 500%. However, the chart now shows the digital asset pulling back toward the breakout area. That region sits around the $1 level and aligns with the former resistance line.
Falling Wedge Pattern Emerges
The most recent price action on the chart has also formed a falling wedge. This pattern appears after XRP’s strong rally and consists of converging downward-sloping trendlines. JD included examples of both triangle and falling wedge formations at the top of the chart.
He also labeled the current structure and projected a possible move higher if XRP breaks out of the pattern. The chart outlines two potential paths. One shows an immediate breakout from the wedge. The other suggests a retest of the highlighted support zone before a larger move higher.
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Both scenarios ultimately point toward the same green target area displayed near the upper-right portion of the chart, potentially sending XRP as high as $17.
What’s Next for XRP?
JD reiterated his long-term outlook in the post, writing, “Either we RETIRE the bloodline this year or in 2-3 years!” The immediate focus remains the monthly close and the $1.34 level identified by JD. That level will determine whether the monthly candle finishes above or below the threshold highlighted in his post.
Beyond the monthly close, the chart suggests traders will likely watch two areas closely. The first is the falling wedge itself, where a breakout would signal renewed upside momentum. The second is the support region near the former breakout level, which could be tested if XRP continues to consolidate.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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