Analyst Who Called $0.28 XRP Bottom Spots Potential Bullish Breakout Confirmation

JD, a prominent XRP analyst known for his spot-on market calls, is sounding the alarm for what could be XRP’s next major rally. A recent post on X highlighted a promising breakout pattern that bears a striking similarity to XRP’s 2017 price surge. Having accurately predicted XRP’s $0.28 bottom, JD now believes the digital asset is on the verge of a parabolic breakout, fueled by both technical structure and market momentum.

A Familiar Pattern Reemerges

At the heart of JD’s analysis is a large-scale symmetrical triangle that XRP has been forming for several years. According to his chart, XRP has now broken out of this long-term resistance, successfully retested the breakout level, and is currently consolidating in a bullish flag formation. This setup, JD argues, is almost identical to the pattern that preceded XRP’s surge from under $0.01 to over $3 during the 2017 bull run.

This fractal resemblance, combined with the breakout confirmation, is what gives JD confidence that XRP is preparing for another significant upward move. He emphasized that his predictions are purely based on technical structure, not speculative news or utility hype. “No news or utility nonsense was needed,” JD wrote, as he prepares to call the market top just as accurately as he did the bottom.

Current Market Position and Momentum

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-6a57f7be-8f6e-4deb-ae2c-5477f86653a5"]{width:320px;height:100px;} } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-6a57f7be-8f6e-4deb-ae2c-5477f86653a5"]{width:728px;height:90px;} }

As of report time, XRP is trading at $2.96, marking a strong recovery and breakout above key resistance levels near $2.85. The surge has been supported by robust trading volume, suggesting both retail and institutional interest are growing. Market analysts from FXEmpire and Blockonomi have also highlighted XRP’s bullish price action, citing potential upside targets of $2.92 to $3.63 in the near term.

The chart further supports JD’s analysis, showing a confirmed hidden bullish divergence, a strong signal that suggests a continuation of the trend. This occurs when the price makes a higher low, while indicators like RSI or Stochastic RSI make lower lows. This signal has historically preceded strong uptrends and is now appearing on XRP’s 2-week chart, the same timeframe that confirmed the 2017 rally.

On-Chain Strength and Macro Tailwinds

Beyond the charts, XRP’s fundamentals and macro environment appear equally supportive. Data from Santiment shows rising whale accumulation and increased network activity, signaling growing confidence in XRP’s long-term utility. Meanwhile, Ripple’s pursuit of a U.S. banking charter and renewed optimism around potential XRP ETFs are improving sentiment and institutional exposure.

From a macroeconomic perspective, a weakening U.S. dollar and rising expectations for Federal Reserve rate cuts are creating favorable conditions for digital assets. XRP, in particular, is benefiting from this shift as investors shift into high-upside altcoins with real-world applications.

A Breakout Backed by More Than Just Hype

JD’s track record and the striking technical similarities to 2017 make his latest analysis hard to ignore. With XRP now above critical resistance and flashing multiple bullish signals, both technically and fundamentally, the conditions appear ripe for a major breakout.

If history repeats, or even rhymes, XRP may not just be gearing up for a rally. It could be entering a phase of exponential growth. And if JD’s timing is as precise as before, the top he’s preparing to call may come sooner, and higher than many expect.

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. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*