XRP analyst JD has shared a new market outlook following the cryptocurrency’s significant decline from its $3.37 peak to $1.01. JD, known in the XRP community for accurately predicting previous price movements, stated that he previously identified $3.37 as a local high before the sharp drop, and highlighted $1.01 and the $1.25 “grey box” zone as critical support areas during the correction.
Market structure signals potential bottom
In his recent technical assessment, JD pointed to signs of a changing weekly price structure for XRP. He noted that the asset produced a higher high (HH) after the pronounced fall, describing this move as potentially significant for future price direction.
According to JD, the creation of this higher high, alongside the prior low marked by the “grey box” zone, could indicate that a bottom may have been set if the $1.20 to $1.26 support range holds. He highlighted these technical signals on a weekly chart shared with his followers.
JD wrote that XRP created a higher high on the weekly timeframe and suggested that if the grey box was the higher low, this could signify the end of the corrective move.
JD emphasized the importance of these levels by noting the $1.01 area aligns closely with the 0.786 Fibonacci retracement, often watched by chart analysts for reversal points.
Mini dictionary: Fibonacci retracement, a popular technical analysis tool that identifies potential support and resistance levels by measuring price movements relative to specific ratios defined by the Fibonacci sequence.
| Level | Price Range | Significance |
|---|---|---|
| Peak | $3.37 | Recent top before crash |
| Support (Grey Box) | $1.20–$1.26 | Potential higher low region |
| Fibonacci 0.786 | ~$1.01 | Possible reversal point |
Analyst maintains caution despite bullish signals
While JD’s outlook highlights a possible market recovery, he made clear that he remains cautious. He revealed that he has prepared additional buy orders in a separate “pink box” area below the current price levels, indicating that another leg down remains possible if XRP cannot hold current support.
JD connected his present view to his earlier successful prediction of the $3.37 peak and the steep 73% decline. His current attention is directed at maintaining vigilance until price action confirms the market’s intended direction.
JD stated he continues to monitor price behavior closely, with buy orders placed in lower zones as a precaution, underlining his wait-and-see approach despite the latest higher high structure.
He also invited followers to view his detailed trading calls through his Patreon account, where he regularly posts technical analysis updates for the XRP community.
XRP community responds to forecast
JD’s recent analysis generated wide discussion among XRP supporters and traders. One community member, Freddie Zuiddam, questioned the validity of JD’s previous $3.37 target, suggesting a difference in interpretation. Another participant, John, shared that he prefers an accumulation strategy until he identifies a convincing profit-taking opportunity.
A further comment from Ghost_wolf supported the view that the $1.20 to $1.25 range could act as an attractive buying zone, aligning with JD’s grey box analysis.
Overall, JD’s most recent assessment centers on XRP sustaining its higher-high formation and holding the grey-box support region. The coming weeks are likely to determine whether this technical pattern leads to a sustained reversal or renewed downward pressure.
