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XRP Could Rally 10x If It Negates This Bearish Pattern

Prominent cryptocurrency analyst JD (@jaydee_757) recently shared an XRP price chart, highlighting a significant breakout and key technical indicators. His post emphasized the importance of calculated profit-taking while cautioning against market euphoria.

JD pointed to his history of correct predictions through technical analysis. He drew attention to XRP’s 10x surge from a low point of $0.28 a few years ago. He identified this level as the bottom and those stuck with his analysis have reaped significant profits from XRP.

The chart JD shared showcases a long-term symmetrical triangle pattern that XRP has broken out of. His technical analysis highlights key Fibonacci retracement levels, with the 0.618 and 0.786 levels positioned around $0.44 and $0.28, forming the support that helped XRP’s surge.

Roadblocks On XRP’s Path

JD also identified a red resistance box above the current price, suggesting a potential area for profit-taking. He highlighted a bearish divergence with the digital asset’s recent price movement.

The chart explains this concept, showing that while XRP’s price has made a higher high, the Relative Strength Index (RSI) has made a lower high. While XRP defied a similar pattern in 2024, this divergence often signals potential price weakness.

JD posed an important question regarding XRP’s next move: “Can we negate bearish divergence? IF NOT, red box may hit for another DCA opportunity!” This statement implies that while the current rally is strong, traders should be cautious and prepared for possible corrections.

Potential Target and Profit-Taking

If XRP can negate the bearish divergence, the chart suggests a notable surge could follow. While JD did not provide a specific target, XRP’s previous 10x surge can serve as a useful reference. XRP is currently trading at $2.64, and a 10x surge would place the digital asset at $26.4, close to the $27 target other notable analysts have predicted.

JD also reiterated the importance of taking calculated profits, stating that “95% will get rekt this cycle! Let’s be the smart money (5%) who actually wins this time!” The analyst has previously drawn attention to this dumb money phenomenon, advocating for smart trading strategies like Dollar Cost Averaging (DCA).

JD’s latest analysis provides valuable insights into the asset’s technical structure and potential future movements. If the asset can negate the bearish divergence, JD noted that he would predict a cycle top for the upcoming rally.

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 urged to do in-depth 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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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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