Analyst: XRP Will Not Go to $10,000, “Glitches” Don’t Count
2025-07-16 07:21:42
Main Idea
Crypto analyst JD refutes exaggerated predictions of XRP reaching $10,000, emphasizing that technical glitches displaying such prices are not indicative of real market dynamics, while noting emerging bullish signals in XRP's technical indicators.
Key Points
1. JD dismisses $10,000 XRP predictions as unrealistic, stating that glitches showing such prices do not reflect actual market liquidity or executed trades.
2. JD highlights that influencers promoting $10,000 XRP predictions should not be trusted, as they mislead investors.
3. Technical indicators like Stochastic RSI and RSI show early signs of a potential upward trend for XRP, though MACD confirmation is still pending.
4. XRP briefly breached the $3 resistance level, with some analysts predicting its next price target could range between $10 and $20.
5. JD's analysis focuses on XRP/BTC weekly charts, emphasizing momentum shifts but cautioning that glitches should not be mistaken for real price action.
Description
In a market flooded with speculation and sensational forecasts, precision and realism are often overlooked. A recent post by crypto analyst JD (@jaydee_757) serves as a reminder that not every dramatic price spike, especially those caused by technical “glitches,” can be taken at face value. He shared a chart analysis of XRP/BTC on the weekly timeframe, presenting a sharp rebuttal to inflated predictions, particularly those suggesting XRP could reach $10,000. According to JD, glitches that moment...
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