Crypto analyst JD has shed light on a potential historical precedent that could propel XRP’s price to new heights. According to his analysis, a 10x rally, similar to one seen in previous years, could push XRP’s price from $2.64 to around $26.4. While XRP has defied similar patterns in the past, JD cautions traders to remain vigilant and consider correction opportunities as potential entry points.

XRP’s price could surge to $26.4 if history repeats itself, but traders must be cautious of market corrections. A 10x rally is possible, but strategic profit-taking is necessary to avoid losses.

Understanding XRP’s Price Technicals

JD’s technical breakdown of XRP’s price highlights a significant breakout and crucial market indicators. He notes that XRP has left a long-term symmetrical triangle pattern and appears to be well into a bullish trend. The analyst has identified Fibonacci retracement levels, with 0.618 positioned at about $0.44 and the 0.786 level around $0.28. Both levels have previously supported pushing XRP higher.

However, JD also warns of a potential bearish divergence, a scenario where XRP’s price forms a higher high, but the Relative Strength Index (RSI) creates a lower high. Despite XRP’s history of ignoring similar bearish divergence, JD considers this a standard formation warning of potential weakness in price.

Is a $27 Target on the Cards?

While JD refrains from specifying an exact target, he references XRP’s historical 10x surge as a possible benchmark. With XRP currently trading at $2.64, a similar rally would push the price toward $26.4, aligning with projections from other market analysts who have set targets around $27.

The source revealed that XRP’s TVL has surged past $80 million, and growing ETF demand could serve as a further catalyst. However, JD cautions traders about risks in the markets, reminding them that “95% will get rekt this cycle! Let’s be the smart money (5%) who actually wins this time!” He promotes structured trading methodologies like DCA (Dollar Cost Averaging) to avoid reckless market behavior.

As the crypto market continues to evolve, XRP’s price action will be closely watched. Will history repeat itself, and can XRP surge to new heights? Only time will tell, but one thing is certain – traders must remain vigilant and adapt to changing market conditions to avoid losses.

XRP Price Surge: Can History Repeat Itself?

Source: Ripple News Xrp Could Surge 10x If It Clears This Critical Bearish Hurdle | Crypto-news-flash.com