Top Analyst Says XRP Is Not Hitting $589 In Our Lifetime. Here’s why

The $589 price target is a trend within the XRP community that refuses to go away. XRP fans cite this target regularly.

However, crypto analyst JD (@jaydee_757) has a clear position on the matter. He stated in a recent tweet that “XRP is NOT hitting $589 in our lifetime.” He singles out consistent XRP price glitches on exchanges, claiming they have no impact on its future.

Certain glitches have briefly put XRP at prices above $1,000 or even millions of dollars. No trades executed anywhere near those levels, yet some in the community treat them as validation. JD dismissed this directly, stating that “exchange glitches don’t count.”

JD’s Record and His Current Strategy

JD’s credibility on this topic rests partly on his track record. He has previously stated that he timed XRP’s last market cycle and took profit near the top. He plans to apply the same strategy in the current cycle. His approach centers on reading charts rather than following community-driven price targets.

He warned that influencers have been “feeding y’all fairy tales for YEARS,” with many investors now sitting at a loss as a result. His core concern is timing. Investors who hold out for $589 tend to miss realistic exit points. He argues that the cycle rewards those who sell early based on data, not those who wait for targets that may never arrive.

Timing is Key

JD has previously stated that 95% of investors will lose in this cycle. He believes some investors will hold too long, chasing targets set by influencers rather than acting on chart signals. He contrasted this with those who “followed the charts, and got RICH instead.” The divide is between disciplined traders and those driven by optimism.

How the Community Responded

Responses to the post ranged from agreement to pushback. One person questioned whether XRP could at least reach $6. Another commenter challenged the entire practice of chart reading, noting that 95% of chart readers lose money.

Some pushed back directly on JD’s tone, suggesting the post was attention-seeking rather than analytical. One commenter dismissed JD’s stance, pointing out that he bought XRP at $0.3. The asset has risen significantly since then, but many remain skeptical about high targets like $589.

Some others offered context. One commenter noted that similar $589 claims circulated when Bitcoin was below $1,000, drawing a parallel to long-standing price optimism in crypto.

Another disclosed buying XRP at $0.20 and stated an intention to hold long-term, arguing that no chart can predict XRP’s future. While many commenters were skeptical, a large portion of the community still believes that XRP can hit $589.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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