Top Analyst Presents XRP Warning Signs. You Need to See This
What the Chart Is Showing
The monthly chart JD shared on X places XRP’s current price action near a long-term ascending trendline that has held as support since 2020. Price recently surged toward the 21M EMA, then reversed sharply.
In JD’s analysis, the resulting candle forms a bearish engulfing pattern, in which the red candle’s real body completely engulfs the real body of the preceding green candle.
On a monthly timeframe, that kind of structure is not something traders typically dismiss.
JD flagged it plainly: “XRP just got REJECTED the 21M EMA w/ BEARISH ENGULFING CANDLE.”
XRP just got REJECTED the 21M EMA w/BEARISH ENGULING CANDLE! 📉
Posting MAJOR UPDATE on Patreon after MONTHLY CLOSE!
MACRO BULLISH! BUT GREY/PINK BOX STILL DCA LEVEL!
A Technical Debate Follows
The exchange highlights a genuine disagreement among technical analysts over what qualifies as a confirmed bearish engulfing signal.
The Macro View Stays Bullish
Despite the warning signal on the monthly chart, JD maintains a bullish macro position on XRP. He identified the grey/pink box on the chart as a dollar-cost averaging (DCA) zone, where he considers gradual accumulation suitable for long-term positioning. The short-term caution does not override his longer-term outlook on the asset.
JD confirmed a full technical update is coming after the monthly candle closes, available exclusively to his Patreon subscribers. He also noted he is limiting available Patreon slots as demand increases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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