XRP Analyst Sees Massive Rally on Converging Technical Signals
Crypto analyst JD (@jaydee_757) has been analyzing XRP's market cap chart, and believes that it is setting up for a major rally. The chart shows three technical signals converging: a multi-year breakout retest, a potential bullish engulfing candle, and a hidden bullish divergence.
The breakout retest occurred after XRP's market cap surged over 500% between late 2024 and early 2025. However, the asset has spent over a year retracing those gains. The current price action is retesting that breakout level, which now sits in the $65-$85 billion market cap range.
A successful retest would confirm the breakout. The bullish engulfing candle is forming on the 2-month chart, and if it closes green and engulfs the prior red body, it will produce a high-conviction bullish reversal signal. The hidden bullish divergence shows higher lows while price makes lower lows.
JD believes that the next major leg up will be massive for XRP holders. He projects a sharp move upward toward price levels well above the $180-$240 billion market cap range seen at prior cycle peaks. However, he does not provide a specific target.