XRP news today: XRP's Price May Surge 20-Fold, Says Analyst JD

Prominent crypto analyst JD has published a detailed analysis suggesting that XRP, a digital asset, may soon experience a significant price movement. JD's analysis draws parallels between the current market structure and a historic breakout that occurred in late 2017, which resulted in a 20-fold increase in value within a few months. The analyst highlights the similarities between the current setup and the previous breakout, indicating a potential repeat of the past pattern. He describes the anticipated surge as a "biblical move" and expresses high expectations for the asset.

JD's analysis focuses on XRP’s two-month candlestick chart, where he identifies a long-term symmetrical triangle formation. XRP has recently broken out of this formation, which JD visually connects to a similar breakout that preceded the 2017 surge. According to JD, the current conditions closely mirror those from the previous cycle, suggesting a possible repeat of the historic rally.

A key component of JD’s analysis is the Stochastic RSI (SRSI) indicator. The chart shows that XRP’s SRSI has crossed above the 80 level, a technical threshold that historically signaled a major upward move. JD notes that the last time the SRSI confirmed crossing above 80, XRP experienced a 20x increase within months before a subsequent 90% crash. He emphasizes that the SRSI confirmation was an early warning before XRP’s historic rally and expects validation of this pattern in the coming week.

JD also stresses the importance of mental preparation for investors, urging them to be ready to take profits during the expected move. He warns followers to be among the 5% who take profits and avoid the trap of holding too long, which he refers to as "dumb money" behavior. JD has consistently called out such investors for letting greed influence their decisions and advises being among the disciplined few who realize profits before any sharp crash.

In a lighter note, JD shares his top strategy, recommending using public trading behavior of Jim Cramer and Edward Farina as contrarian indicators. He advises, "When they buy, we sell! When they sell, we buy!" This strategy aims to capitalize on market movements by going against the crowd.

JD concludes his analysis by reminding followers that he accurately called the market bottom and now aims to call the top. He emphasizes the importance of taking action at the right time based on clear technical signals. While JD did not set a specific target, another well-respected analyst recently set a target of $110 for XRP, expecting the digital asset to repeat its 2017 pattern.