Tride now #XRP
#XRP Market Analysis: Is the Final Phase of the Bull Cycle Approaching?
Crypto analyst Steph Is Crypto has shared a technical update on the XRP market, warning investors that the current cycle may be entering its final phase. Despite potential upside, Steph advises investors to be aware of key historical metrics and market trends.
Altcoin Season Index and XRP's Growth Potential
The Altcoin Season Index currently stands at 39, indicating that altcoins, including XRP, still have considerable room for growth. This index measures altcoin performance relative to Bitcoin, with readings below 25 signifying undervaluation and above 75 indicating overvaluation.
XRP Trading Around Key Support Levels
XRP has been trading in a range around $3 since the end of 2024, attempting to establish this level as support. This consolidation phase could be a constructive pattern, especially since XRP appears to be converting previous resistance into support. A long-term upward trend line in effect since 2021 may also play a crucial role in XRP's price movement.¹
Technical Indicators and Future Price Movement
Several technical indicators suggest potential future price movements:
- *Golden Cross*: A recent golden cross on the two-week chart could signal a bullish outcome in the mid-term, similar to the one in September 2024 that led to a major rally.
- *Stochastic RSI*: Historical patterns indicate that XRP may experience a local peak near $4.50 to $5.00, followed by a temporary pullback.
- *Resistance Levels*: Breaking above the long-term trend line and $3.60 resistance level could trigger a sharp price acceleration.
Potential Price Targets and Market Outlook
Based on historical patterns and technical analysis, potential price targets for XRP include² ³:
- $4.50-$5.00: A potential local top based on stochastic RSI patterns.
- $5.25: A target based on the measured move from the flag pattern breakout.
- $6.19: A medium-term projection based on technical analysis, representing an 80% increase from current levels.
- *$8-$10*: A potential target by December 2025, driven by regulatory clarity, ETF approvals, and institutional adoption.
Conclusion
While Steph remains optimistic about further price increases, the warning is clear: investors should remain alert to historical patterns and consider the possibility that a market top may not be far off. As the market approaches the end of the ongoing cycle, a blow-off phase marked by rapid and aggressive altcoin rallies could be imminent.