Market Strategist to XRP Holders: I Got Major XRP News

XRP has faced significant selling pressure in recent months. Bears have called for prices as low as $0.30, and some have predicted total collapse.

Crypto analyst Steph Is Crypto (@Steph_iscrypto) recently published a video analysis presenting a technical case for a substantial recovery, rooted in quarterly price data stretching back to 2013.

What the Chart Says

The analyst examined XRP’s three-month chart, where each candle represents one full quarter. XRP has historically seen major upside reversals after two or three consecutive red quarters. He pointed to multiple historical examples. In one instance, two red quarters preceded a recovery.

In another, three consecutive red quarters marked the bear market low before a 1,500% rally. At the peak of the 2021 cycle, XRP also printed three red quarters in a row before reversing sharply to the upside.

Right now, XRP is recording three consecutive red quarters. After months of struggle, the current quarterly candle closes at the end of June. The analyst stated it is “extremely unlikely for XRP to see a fourth red quarter,” based on the historical data.

The Monthly Trendline

Alongside the quarterly analysis, the analyst highlighted a monthly trendline that XRP has respected since 2017. The recent decline has pushed XRP below it for the first time. He identified $1.30 as the key level. A monthly close above that price would signal the breakdown was a false move, similar to a wick seen in 2024.

He described the current situation as “a waiting game,” with the monthly and weekly candle closes set to provide clarity before July 1.

What Comes Next?

The quarterly chart carries weight precisely because of the timeframe it covers. The data goes back to 2012 and 2013, capturing multiple full market cycles for XRP. The repetition of the same pattern across those cycles is significant. July 1 will bring the first confirmed signal. At that point, the quarterly candle closes, and a new one begins.

The analyst outlined two scenarios. In the first, XRP has already bottomed, and a recovery begins imminently. In the second, June closes red, but the next quarterly candle still marks a major reversal. He said he is personally acting on this analysis. He stated he has long positions, and either way, his read of the technical data points to a strong upward move in the near term.

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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