XRP could be preparing for a significant 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 perspective in a post on the 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 analysis primarily focuses on XRP’s relative strength index (RSI), which had been declining in a falling wedge pattern for two months. Recent statistics reveal that this indicator has deviated from its trend, suggesting increasing market strength for the cryptocurrency.
The #XRP bottom is in.
Send it higher! pic.twitter.com/3zG52bh7Hj
— STEPH IS CRYPTO (@Steph_iscrypto) March 16, 2025
Steph’s research claims that this RSI movement aligns with past trends that have led to notable price fluctuations. XRP prices jumped each time the RSI sank to oversold levels and then turned around. Green circles on Steph’s chart highlight these historical instances, including a significant November 2024 episode where the altcoin’s value multiplied nearly six times.
Shortened Recovery Tracked Low Point
XRP showed indications of recovery after falling to the $1.90 level, climbing to about $2.50 over a few days. However, the altcoin has struggled to maintain this upward trend, which has led experts to debate whether XRP has genuinely reached its lowest point or if further declines are on the horizon.
Analyst Predicts Possible 500% Price Increase
This isn’t the first time Steph has suggested that XRP has reached its price floor. In an earlier analysis, he referred to the Stochastic RSI indicator, which indicated oversold conditions for the coin, historically aligning with market bottoms for the cryptocurrency.
Based on these historical performance patterns, Steph forecasts that XRP could experience a remarkable 500% price surge, potentially reaching between $13 and $14. Although these predictions are considered speculative, the analyst believes that if history were to repeat itself, XRP might see rapid price growth in a short span of time.
In a separate analysis, Steph went even further, suggesting that XRP could reach prices as high as $30. These assertions come as XRP continues to trade near the $2 mark, showing technical indicators that some experts interpret as signs of a potential price reversal.
Featured image from Gemini Imagen, chart from TradingView
