Analyst Warns XRP Holders: Is This a Sign of Real Bullish Momentum?

Crypto analyst STEPHISCRYPTO has unveiled a chart suggesting significant technical development for XRP, raising questions about whether the cryptocurrency is finally primed for a price surge. The analysis suggests that XRP’s daily Relative Strength Index (RSI) has broken through a long-standing descending trendline, a pattern previously seen before notable price increases. On his platform, STEPHISCRYPTO highlights two past breakouts – one preceding a 26.54% rise and another leading to a 77.28% rally. According to the analyst, this recent breakout has occurred again, potentially signaling the beginning of a new upward phase for XRP. This development comes as XRP is navigating a period of sideways movement. The chart’s RSI indicator reveals a shift from months-long downward trend to an emerging upwards momentum, with historical data suggesting that each time this setup occurred, price action followed quickly with sharp percentage gains.