Analyst JD warns XRP could drop to $0.75 if bulls lose momentum

Crypto analyst JD has cautioned XRP holders about a key technical setup unfolding on the weekly chart. According to JD, XRP is currently trading at $1.2920 on Bybit and remains locked inside a large falling wedge formation that has spanned several months. This pattern, he noted, has influenced the direction of XRP’s price after a series of distinct declines from its previous highs. JD pointed to a sequence of lower highs since XRP’s peak near $3.40. The digital asset first lost 50.15% from that top, saw a partial recovery, then fell by 65.94% from the next local high.

Source: CoinTurk News