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XRP Turnaround Moment? Analyst Says It’s Lift-Off Time

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XRP could be preparing for a major price increase after hitting its lowest point of $1.90 on March 11, according to crypto analyst Steph. The digital currency, which is now trading at $2.29 following a 2.5% drop today, shows technical signs that might signal the end of its recent price decline.

Steph shared this outlook in a post on social platform X, where he presented chart evidence suggesting XRP may have completed its downward cycle. “XRP bottom is in. Send it higher,” wrote the analyst, hinting at a possible upcoming rally.

RSI Pattern Shows Promising Break From Downtrend

The technical study mostly focuses on XRP’s relative strength index (RSI), which had been declining in a falling wedge pattern for two months. Recent statistics reveal this indicator has deviated from its trend, suggesting increasing market strength for the cryptocurrency.

The research claims that this RSI movement fits past trends causing notable price fluctuations. XRP prices jumped each time the RSI sank to oversold levels and then turned around. Green circles on Steph’s chart show these historical instances, including a November 2024 one whereby the altcoin’s value multiplied almost six times.

Shortened Recovery Tracked Low Point

XRP showed indications of recovery after falling to the $1.90 level by climbing to about $2.50 over a few days. The altcoin has fallen short in keeping this increasing trend, though. This movement coincides with experts debating whether the altcoin has really reached its lowest point or whether more declines could take place.


Analyst Predicts Possible 500% Price Increase

This isn’t the first time Steph has suggested XRP has reached its price floor. In an earlier analysis, he pointed to the Stochastic RSI indicator showing oversold conditions for the coin, which he claims historically marks exact bottom points for the cryptocurrency.

Based on past performance patterns, Steph projects XRP could experience a 500% price surge, potentially reaching between $13 and $14. While acknowledging these numbers are speculative, the analyst believes if history repeats itself, XRP might see rapid price growth in a short timeframe.

Meanwhile, in a separate analysis, Steph has made an even bolder prediction that XRP could reach $30. These forecasts come as XRP continues to trade near the $2 mark while showing technical indicators that some experts believe signal a coming price reversal.

Featured image from Gemini Imagen, chart from TradingView

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