Cryptocurrency expert JD claims that his warning about a potential decline in XRP, issued approximately a month ago, has materialized. The analyst identified negative divergence indicating increased selling pressure in the technical setup before the latest pullback, aligning with his expectations.
Technical Analysis Support for Earlier Caution
JD’s recent analysis was grounded in his earlier technical assessments. He noted that XRP’s price was moving within an ascending wedge pattern, while the three-day RSI showed weakening momentum. This divergence, where price achieved higher peaks as the indicator retreated, suggested a diminishing bullish momentum.
According to JD, this discrepancy indicated that the price could struggle to maintain upward momentum as purchasing appetite waned. JD warned that a breakdown below the ascending wedge could increase the risk of a more significant correction.
JD stated on platform X that he had warned of a sharp decline approximately a month ago, citing the expected negative divergence’s effect.
Adopting a Wait-and-See Stance
In his latest remarks, JD expressed no immediate inclination to acquire more XRP under current conditions. Instead, he plans to wait for his pre-defined, incremental buying levels. This approach is particularly geared towards making purchases during intense periods of market fear.
JD prefers patience over reacting to short-term price movements and considers increasing his position only if his cost-average levels are met. Those wishing to follow such technical shifts in XRP can benefit from tools like CryptoAppsy, which offers real-time charts and smart price alerts to monitor JD’s identified buying zones closely.
Emphasizing Market Fear
A prominent element of JD’s latest message was the linkage of his buying decisions to periods of market weakness. Rather than purchasing in strong bullish environments, JD finds sharp pullbacks and widespread anxiety more suitable for entry.
JD emphasized that he would only consider new acquisitions at his own DCA levels during periods of extreme market fear.
This strategy is reflective of a broader analytical trend following recent declines in XRP, whereby some specialists prioritize risk management and strategic entry points over short-term direction. JD’s statements suggest that he views recent price movements as consistent with his technical strategy.
