An analyst predicts a significant price surge for XRP, but warns of a potential 95% drop following the rally.

XRP Monthly Chart Analysis

A recent analysis by JD (@jaydee_757) focuses on XRP's monthly price movements, drawing comparisons to historical patterns. The chart highlights periods of consolidation, previous breakouts, and a significant crash following a 2017 rally. JD encourages investors to observe XRP’s price action, rather than reacting to external factors like market sentiment.

Key Resistance Level and Potential Rally

The analysis identifies $3.022 as a critical resistance level that XRP must surpass on a monthly closing basis to trigger a major upward movement. JD suggests that exceeding this level could initiate a substantial rally, though caution is warranted. He uses "dumb money" as a reference for exit liquidity.

Anticipated Market Cycle and Volatility

JD anticipates a possible rapid rally followed by a "rug pull crash," referencing a historical 95% decline following XRP's previous rally. He stresses the importance of implementing profit-taking strategies to avoid losses. Investors should ignore hype and focus on recognizing market cycles.