XRP analyst JD has outlined a possible change in XRP’s weekly price structure after the cryptocurrency fell sharply from $3.37 to $1.01. JD said he previously called $3.37 the top before XRP
XRP analyst JD has outlined a possible change in XRP’s weekly price structure after the cryptocurrency fell sharply from $3.37 to $1.01. JD said he previously called $3.37 the top before XRP crashed 73%. He also said he identified $1.01 and the $1.25 grey box as important levels during the decline.
JD now sees a potential shift in the market structure. He pointed to XRP’s latest move and said the cryptocurrency has created a higher high. He believes this development could signal the next stage of the price movement.
JD wrote in his tweet, “We now created a HH. If GREY BOX was our HL, bottom may be in!” He refers to the higher high and higher low structure visible on the attached weekly chart.
Grey Box Could Define The Next Move
JD’s chart places the grey box around the $1.20 to $1.26 region. The chart also marks the $1.01 area with a separate highlighted zone and identifies the $0.786 Fibonacci retracement at approximately $1.01.
The analyst believes the grey box could serve as the higher low that confirms the recent market structure. If XRP holds that area while maintaining the higher high, JD sees a possibility that the cryptocurrency has already completed its decline.
At the same time, JD continues to prepare for another move lower. He said he still has orders in the pink box “just in case.” This shows he believes another decline is possible.
JD also directed readers to his Patreon account for his full set of trading calls. His post connected his previous $3.37 call, the subsequent 73% decline, the $1.01 level, and the $1.25 grey box to his current market assessment.
Several commenters responded to JD’s analysis with their own views on XRP’s price movement. Freddie Zuiddam challenged JD’s previous $3.37 call.
Another commenter, John, described his approach as accumulation until he believes it is time to take profits. Ghost_wolf identified the $1.20 to $1.25 range as a potential buying zone.
JD’s latest analysis therefore centers on XRP’s ability to maintain the higher-high structure while holding the grey-box region as a potential higher low. He also keeps orders in the pink box in case the price moves lower again. For now, his chart presents the $1.20 to $1.26 area and the recent higher high as key parts of his technical outlook.
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 advised to conduct thorough 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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