JD (@jaydee_757), a prominent cryptocurrency analyst on X, has shared a chart and analysis showing that XRP is nearing the much-anticipated breakout. By analyzing changes in XRP’s price patterns, JD believes XRP could reach the $7.5 mark.
In 2017, XRP embarked on a remarkable rally that sent it to its all-time high of $3.84 in January 2018. However, this was followed by a big correction from which XRP has not recovered. XRP has experienced swift surges but has failed to come close to $3.84 since the lawsuit with the U.S. Securities and Exchange Commission (SEC) in December 2020.
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JD’s Massively Bullish Target
JD showed on his chart that XRP enjoyed a period of relative stability between 2013 and 2017. In the 2017 bull run, XRP surged by over 60,000%, and some prominent analysts believe the digital asset can recreate this remarkable rally.
JD noticed a huge triangle pattern, which XRP has been trading within since its all-time high. XRP traded within a similar triangle between 2013 and 2017. This triangle led to the massive surge that sent XRP to its all-time high in January 2018.
JD believes XRP is on the verge of another historical rally with targets significantly higher than XRP’s all-time high. He also noted that the asset will be making steady progress and should rise to $7.5 by 2025.
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XRP is trading at $0.4734, and $7.5 will require an almost 1,484% increase. JD emphasized that many investors will not listen to him and will lose out on the investment of a lifetime.
He mentioned investors who claim to “know what they hold” and might ignore him and only gain 1x on their investment. JD has mentioned these investors before, describing them as dumb money investors.
Read Also: Top Chartist Predicts 1,495% XRP Rally, Citing A Notable Historical Precedent
In 2017, XRP witnessed a 60% price drop, causing many investors to sell their tokens. These investors regretted this move, as XRP began the run that sent it to its all-time high, and they missed out on over 600x gains.
JD has consistently warned about dumb money investors, advising the community to not be like the 95% of investors who missed out on the 2018 and 2021 rallies. JD is confident in his prediction, and other analysts have shared similar predictions, suggesting that a massive rally might be on the horizon.
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 urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.
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