Crypto analyst JD (@jaydee_757) has identified a multi-year technical pattern on the XRP/ETH trading pair that deserves serious attention. The chart he shared covers weekly price action on Kr
Crypto analyst JD (@jaydee_757) has identified a multi-year technical pattern on the XRP/ETH trading pair that deserves serious attention.
The chart he shared covers weekly price action on Kraken going back to 2020. The structure forming across that entire period is a falling wedge, one of the most recognized bullish continuation patterns in technical analysis.
The current price sits at 0.0005708 ETH per XRP. That number alone tells part of the story. XRP has been losing ground against ETH for a long time, but the chart suggests that compression may be nearing its end.
Analyzing the Chart
Since 2020, XRP/ETH formed a large multi-year falling wedge. Two converging trendlines compressed price over roughly four years, connecting a series of lower highs and lower lows. The lower boundary held as support repeatedly. The upper boundary capped every recovery attempt.
That wedge eventually broke out around late 2024. XRP rallied sharply to the target, the projected distance equal to the wedge’s height at its widest point. JD labels this sequence clearly on the chart. The breakout confirmed the pattern and delivered the expected move.
After hitting that target, XRP/ETH pulled back. That pullback has lasted for months and has now formed a new, smaller falling wedge. This is the structure JD is focused on now. It carries its own measured move and target markers, and its apex is approaching. XRP is compressing again inside converging trendlines, and a resolution is coming.
JD’s post notes the setup “looks VERY similar to the previous cycle.” The new falling wedge mirrors the original in structure. If it confirms a breakout, the measured move would project a significant rally for XRP against ETH.
Two Possible Outcomes
The chart is explicitly about the uncertainty. Two arrows sit on the right side of the chart. A green arrow points sharply upward toward a target well above current prices. A red arrow points sharply downward, suggesting that the wedge has not yet confirmed its direction.
A clean breakout above the upper trendline of the current wedge would trigger the bullish measured move. Failure to break higher could send XRP/ETH significantly lower instead. JD does not present this as a guaranteed outcome. His post notes that even if the move plays out as projected, a crash likely follows the peak, adding that most investors will end up poorer regardless of XRP’s move.
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