Crypto analyst JD expressed concern over inflated XRP price predictions. In a recent post, he noted that 'glitches' showing exaggerated values do not represent real price dynamics.
Glitches Do Not Reflect Real Market Dynamics
JD criticized glitches that have displayed XRP at absurdly high prices on various platforms. These anomalies are often mistakenly seen as indicators of future value, although they do not reflect actual market conditions.
Some XRP supporters share screenshots showing the token briefly displaying values in the thousands and millions. However, these instances are often due to API errors or data feed bugs on trading platforms. JD also emphasized that predictions of $10,000 for XRP should not be trusted.
Positive Signals Beginning to Form
JD's analysis shows that XRP's current position and potential trajectory against Bitcoin demonstrate three main indicators: Stochastic RSI, RSI, and MACD. The latest weekly candle showed a notable shift in momentum.
Although this move does not guarantee a reversal, XRP briefly breached the $3 resistance level, and other analysts have predicted that the next target could range from $10 to $20.
Technical Indicators Show Progress
The Stochastic RSI has broken above the 20 level, an early sign of a possible upward trend forming. RSI has moved above its moving average, a development JD notes as a positive shift. However, the MACD has not yet completed a bullish crossover.
The analysis shows that the last time these indicators aligned similarly was in late 2024, which led to a substantial rally in XRP/BTC.
JD's analysis serves as a reminder to be cautious of high price predictions and to rely on actual market dynamics rather than technical glitches.
