XRP has entered a prolonged correction after peaking at $3.37, with prominent crypto analyst JD shifting his attention to the $1.01 level as a critical point for potential reversal or deeper decline. The analyst’s updated chart spotlights $1.01 as his initial dollar-cost averaging (DCA) target, reflecting a cautious approach amid heightened volatility.
Key support at $1.01 attracts market attention
JD has actively tracked XRP’s price swings, previously identifying the $3.37 top ahead of the token’s sharp downturn. Since then, XRP has dropped 73%, reaching the $1.01 area that JD flagged as his preferred entry for incremental buying.
Currently, XRP is trading around $1.01, which closely matches the 0.786 Fibonacci retracement level at 1.0133. This confluence underscores the technical significance of the support zone in JD’s analysis, following what he described as an historic losing streak.
In his recent post, JD emphasized the importance of $1.01, portraying it as a potential dividing line between possible recovery and further capitulation. He stated that a breakdown below this mark could trigger “massive capitulation into the pink box,” his term for the next anticipated accumulation zone beneath current prices.
JD indicated that after accurately calling the $3.37 top, XRP crashed 73% to his first DCA target at $1.01, where he made a personal addition. He underscored that if $1.01 fails to hold, a significant drop is expected, but a confirmed retracement could set the stage for identifying the next major XRP top.
Technical analysis: Falling wedge and critical zone
The latest chart reveals a falling wedge pattern, with two descending yellow trendlines shaping XRP’s price movement. The lower trendline is rapidly approaching the $1 zone, heightening the market’s focus on whether buyers can defend this area.
JD noted that the upper trendline has repeatedly suppressed upward momentum, leading to continued pressure on XRP. While some uncertainty persists, the current setup suggests that a decisive break from the wedge could happen soon, with the $1.01 level as the immediate battleground.
Potential for further downside before reversal
Market participants are closely monitoring the ability of XRP to hold above $1.01. The asset has stayed above $1 for more than 600 days, indicating that buyers consistently protect this psychological barrier.
A failure to maintain this support could accelerate losses, sending XRP toward the often-highlighted pink box, which has been described in the past as a rare opportunity for accumulation. While JD’s post does not assign an exact price to this zone, he continues to point to it as central for any future turnaround should the $1.01 mark break.
Changing landscape: Web3 and tokenized real-world assets
As technical patterns like the falling wedge and key support levels define market strategies, a broader shift is underway across the finance industry. Institutions and investors are increasingly moving assets such as US equities, gold, and silver directly into crypto wallets through tokenization of Real-World Assets (RWAs) on platforms like 1stepSwap. This development allows users to bypass traditional brokers, instantly secure the best market prices, and interact with these assets on Web3, minimizing reliance on intermediaries.
Outlook for XRP and analyst’s strategy
Looking ahead, JD’s analysis projects a significant recovery for XRP, targeting a broader uptrend toward 2027-2028. However, he remains patient, intending to confirm a retracement before making a call for the next major peak.
JD has previously described the pink box below $1.01 as the “opportunity of a lifetime” for XRP accumulation, if the current support fails and a reversal ultimately emerges from lower levels.
