XRP Analyst: I Called This Crash A Month Ago

Crypto analyst JD says his earlier warning about a potential XRP price decline has played out, pointing to the bearish divergence he identified in his technical analysis as evidence that selling pressure was building before the latest downturn.

He now plans to wait for his predetermined dollar-cost averaging (DCA) levels before purchasing more XRP, particularly during periods of extreme market fear.

In his latest X post, JD declared that he had called the crash a month earlier and described the bearish divergence as playing out as expected. He expressed satisfaction with the earlier prediction and explained that he would only consider increasing his XRP holdings when the price reaches his DCA levels.

JD also emphasized that he intends to remain patient rather than buy during the current market conditions. His strategy involves waiting for significant price declines and periods of extreme fear before making additional purchases.

JD’s Earlier XRP Warning Identified A Potential Breakdown

JD’s latest comments refer to an earlier technical analysis in which he warned that XRP was approaching a potentially significant price breakdown.

In that previous post, the analyst explained that XRP was showing signs of weakness as its price action developed within a rising wedge pattern. He also identified a bearish divergence on the three-day Relative Strength Index (RSI), which suggested that momentum was weakening despite the price continuing to record higher highs.

The chart accompanying his analysis compared XRP’s rising price structure with the declining RSI readings. This divergence indicated that buying momentum was losing strength even as the cryptocurrency attempted to maintain its upward movement.

JD described the emerging selling pressure as a warning sign and urged XRP traders not to allow the potential breakdown to become confirmed. He cautioned that a confirmed move below the rising wedge could lead to a deeper price retracement.

Analyst Waits For His XRP Accumulation Levels

The analyst’s latest post suggests that he considers the earlier technical warning consistent with XRP’s subsequent price movement. Rather than immediately purchasing more tokens following the decline, JD intends to wait until the market reaches the price levels he has established for dollar-cost averaging.

His reference to extreme fear also provides insight into his approach to accumulating XRP. He appears more interested in purchasing during substantial market weakness than chasing price movements during periods of stronger market sentiment.