Market Strategist Makes XRP’s Last Call. Here’s the Significance

XRP is once again drawing attention from market analysts after crypto commentator Steph Is Crypto claimed in an X post that the digital asset may be approaching a significant turning point.

The analyst pointed to a technical indicator that he believes has appeared only once in recent years and could precede a major price reversal if confirmed.

In the video attached to the post, Steph claimed that the current setup on XRP’s chart is being overlooked by much of the market despite its potential importance.

He argued that a bullish divergence has formed on XRP’s three-day timeframe, a pattern that occurs when price records a lower low as the Relative Strength Index (RSI) creates a higher low, often suggesting weakening selling pressure.

Comparison to the 2022 Bear Market Bottom

According to Steph, the last time XRP displayed a similar bullish divergence on the three-day chart was during the June 2022 bear market low. He explained that the previous occurrence ultimately marked the bottom before XRP staged a substantial recovery.

The analyst noted that the initial rebound from that point reached roughly 94%, while the broader rally that followed eventually exceeded 1,000%. Based on his review of the chart, Steph said he has not identified another three-day bullish divergence between that period and the one currently developing.

He emphasized that the current setup resembles the earlier signal because XRP’s price has formed a lower low while the RSI has had a higher low over the same period, creating what technical analysts classify as bullish divergence.

Key Price Level Could Determine the Next Move

While expressing optimism about the indicator, Steph also stressed that confirmation remains necessary before concluding that a major reversal has begun. He acknowledged that technical signals do not guarantee future price movements and said traders should watch XRP’s interaction with a long-term trend line from 2017.

According to the analyst, XRP has recently slipped below that trend line on the weekly chart. However, he believes a recovery above it with a weekly close above $1.30 would validate the bullish divergence and suggest that the recent breakdown was only a temporary wick rather than the start of a larger decline.

Steph compared the current situation to similar price action seen in both 2017 and 2024, when XRP briefly fell below the same trend line before reversing higher. He concluded that while the indicator does not necessarily imply an immediate 90% or 1,000% rally, it could support holding XRP if historical patterns repeat and the confirmation level is reclaimed.

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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