Crypto analyst Steph Is Crypto has issued a technical update on the state of the $XRP market, warning that while significant upside may still be ahead, investors should be aware that the current cycle may be entering its final phase.

In a detailed video shared on social media, Steph examined multiple indicators, focusing on both bullish and bearish scenarios, and underlined the importance of watching key historical metrics.

Steph began the analysis by referencing the Altcoin Season Index, a tool frequently used to gauge whether altcoins are currently overbought or undervalued relative to Bitcoin. The index is measured on a scale from 0 to 100, where readings below 25 typically indicate undervaluation in a Bitcoin-dominated market, while readings above 75 suggest overvaluation.

According to Steph, the index is currently at 39, which remains well below the overbought level. This, in Steph’s view, indicates that there is still considerable room for growth in the altcoin market, including $XRP .

✨XRP Trading Around Key Support Levels

Turning to XRP specifically, Steph highlighted that the asset has been trading in a range since the end of 2024, oscillating around the $3 mark. Steph noted that XRP is attempting to establish $3 as a support level, occasionally dipping slightly below and then recovering.

From a technical perspective, this consolidation phase could be interpreted as a constructive pattern, particularly given that XRP appears to be converting previous resistance into support.

The analyst also emphasized the significance of a long-term upward trend line that has been in effect since 2021. Steph believes that a breakout above this trend line could trigger a sharp price acceleration.

On the two-week chart, Steph identified a long-term trend line that has seen multiple rejections in the past. According to the analysis, if XRP can break above this resistance line, a strong upward move could follow.

In addition, Steph pointed to a recent golden cross. The last golden cross occurred in September 2024 and was followed by short-term volatility but ultimately led to a major rally. Steph argued that the current golden cross could again signal a bullish outcome in the mid-term.

🚀🚀🚀Historical RSI Patterns Signal Caution Near $4.50 to $5.00

Steph also analyzed the weekly chart’s stochastic RSI, a momentum oscillator that has shown recurring patterns before local tops. The analyst observed that in past instances, XRP experienced local peaks shortly after the stochastic RSI hit overbought levels and then formed lower highs, leading to significant corrections.

For example, a previous bearish divergence saw XRP drop back to $1.60, resulting in a prolonged and frustrating market phase for holders.

Most recently, XRP peaked at $3.65 in July. The stochastic RSI also peaked around the same time, and Steph indicated that based on historical patterns, another push higher might be imminent, potentially reaching the $4.50 to $5.00 range.

However, Steph warned that this level could coincide with a local top and lead to a temporary pullback. The same chart patterns have previously predicted such outcomes, making it a development that market participants should not ignore.

✨Final Phase of Bullrun May Be Underway

In the final segment of the analysis, Steph referred to broader market cycles and reiterated a view previously expressed in earlier videos: the current bull run may be entering its concluding phase.

Time-wise, the analyst believes the market is nearing the end of the ongoing cycle, which could culminate in a blow-off phase marked by rapid and aggressive altcoin rallies.

While Steph remains optimistic about further price increases and maintains that altcoins, including XRP, are still undervalued, the warning is clear—investors should remain alert to historical patterns and consider the possibility that a market top may not be far off.

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