Crypto analyst Steph Is Crypto has generated buzz among XRP holders with significant predictions that suggest a potential bullish trend reversal. His analysis draws parallels between the recent market correction and a similar period in 2017, where XRP experienced a substantial price surge. Steph highlighted that XRP’s current corrective phase resembles the pattern seen back then, with both experiencing a swift rebound after a drop below the Gaussian channel. Similar to 2017, the market has held strong support zones that have consistently facilitated upward movement. Steph believes that if XRP breaks back inside the Gaussian channel around $2.60, a major trend reversal could be in play. He suggests this coincides with strong institutional buying activity from whales, indicated by dark green circles on the charts, along with bullish RSI divergence, suggesting a potential market turnaround.
The analysis also underscores the importance of staying vigilant about potential short-term risks, particularly around the $1.81 level which could temporarily disrupt the upward momentum. Despite these considerations, Steph expresses cautious optimism for XRP’s future, believing that the market structure remains bullish even with temporary corrections.