XRP Price Surge: Analyst Warns of Missed Opportunities for 'Dumb Money'

Crypto analyst JD, renowned for accurately predicting XRP's bottom at $0.28, cautions that a surge in XRP prices could elude a group of traders he refers to as 'dumb money.' JD draws parallels to historical XRP trends, emphasizing the risk of missing out on potential gains.

Comparing Present Trends to Past XRP Patterns

Examining the volatile crypto market, JD compares the current price pattern to the significant shift in 2017 when XRP broke free from a monotonous phase lasting from 2013 to 2017. During this cycle, XRP underperformed compared to other cryptocurrencies, leading 'dumb money' traders to miss out on substantial gains that followed.

XRP's Rollercoaster Year and Future Outlook

Despite XRP experiencing fluctuations this year due to Ripple ecosystem updates, it surged to a yearly high of $0.82 in July. Since then, it has remained below this level, diverging from the trend of other cryptocurrencies reaching new yearly highs in the final quarter of the year.

JD observes that the current XRP price action mirrors the breakout point from consolidation in 2017, issuing a warning to 'dumb money' traders about potential missed opportunities in the upcoming price surge.

Potential Price Targets and Realistic Expectations

With XRP's market cap exceeding $34 billion, JD deems a 600x repeat unrealistic but suggests an 8-10x surge based on current technicals. With XRP trading at $0.639, a 10x surge would set a target just above $6.

In JD's analysis, he highlights the formation of a cup and handle pattern in the 2-day timeframe. If this pattern holds, a bullish breakout could propel XRP to a $0.95 price target.

Despite XRP's remarkable growth since 2017, JD emphasizes the need for realistic expectations, cautioning against anticipating an extravagant 600x repeat. The analyst provides a pragmatic outlook, suggesting an 8-10x surge as a more plausible scenario.