Market Strategist: Do Not Buy XRP Anymore. Here’s Why
$XRP Steph Is Crypto (@Steph_iscrypto), a popular market analyst, has issued a firm warning to investors, saying that XRP could be entering another significant downturn if a key technical condition persists.
His analysis centers on the 200-week simple moving average (SMA), a metric that has historically signaled major market shifts for the asset.
👉Technical Indicator Raises Concern
In a recent video, Steph explained that XRP’s position relative to the 200-week SMA is crucial. “Do not buy XRP if we see multiple weekly closes below the 200 weekly simple moving average here in the blue color,” he said, referring to the technical line that tracks long-term price trends. He pointed to two previous examples where similar signals preceded severe market declines.
In 2018, when XRP closed two consecutive weekly candles below the 200-week SMA, it entered a sharp bear market that pushed its price down by approximately 81.13%. The same pattern repeated in 2021, leading to another 66.06% drop.
Steph Is Crypto noted that XRP has once again fallen below this level, suggesting that history could repeat itself if the token remains there for an extended period.
👉Potential Downside Projections
With XRP currently trading around $2.3, applying those historical declines gives a sobering perspective. An 81.13% decline from current levels would bring the asset down to $0.43, while a 66.06% drop would put it near $0.78. These figures are hypothetical but grounded in past reactions to similar technical breakdowns.
The analyst emphasized that traders should “watch this very closely,” as sustained weakness below the 200-week SMA may confirm a bearish phase similar to prior cycles. For investors relying heavily on technical indicators, such a move could be interpreted as a sign to stay out of the market until a clear recovery is visible above that key threshold.
👉Short-Term Strength Could Offer Relief
Despite these warnings, XRP’s recent performance shows some encouraging signs. The asset has climbed by almost 4% in the past 24 hours, indicating that buyers are still active and willing to support the price at current levels. This short-term momentum could provide temporary relief if sustained buying pressure lifts XRP further.
Technical trends can change quickly, and a continued climb could invalidate the bearish outlook and shift sentiment once again. Until then, Steph’s advice is that traders monitor weekly closes to see if XRP follows its historical pattern or breaks from it before making new investment decisions.
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His analysis centers on the 200-week simple moving average (SMA), a metric that has historically signaled major market shifts for the asset.
👉Technical Indicator Raises Concern
In a recent video, Steph explained that XRP’s position relative to the 200-week SMA is crucial. “Do not buy XRP if we see multiple weekly closes below the 200 weekly simple moving average here in the blue color,” he said, referring to the technical line that tracks long-term price trends. He pointed to two previous examples where similar signals preceded severe market declines.
In 2018, when XRP closed two consecutive weekly candles below the 200-week SMA, it entered a sharp bear market that pushed its price down by approximately 81.13%. The same pattern repeated in 2021, leading to another 66.06% drop.
Steph Is Crypto noted that XRP has once again fallen below this level, suggesting that history could repeat itself if the token remains there for an extended period.
👉Potential Downside Projections
With XRP currently trading around $2.3, applying those historical declines gives a sobering perspective. An 81.13% decline from current levels would bring the asset down to $0.43, while a 66.06% drop would put it near $0.78. These figures are hypothetical but grounded in past reactions to similar technical breakdowns.
The analyst emphasized that traders should “watch this very closely,” as sustained weakness below the 200-week SMA may confirm a bearish phase similar to prior cycles. For investors relying heavily on technical indicators, such a move could be interpreted as a sign to stay out of the market until a clear recovery is visible above that key threshold.
👉Short-Term Strength Could Offer Relief
Despite these warnings, XRP’s recent performance shows some encouraging signs. The asset has climbed by almost 4% in the past 24 hours, indicating that buyers are still active and willing to support the price at current levels. This short-term momentum could provide temporary relief if sustained buying pressure lifts XRP further.
Technical trends can change quickly, and a continued climb could invalidate the bearish outlook and shift sentiment once again. Until then, Steph’s advice is that traders monitor weekly closes to see if XRP follows its historical pattern or breaks from it before making new investment decisions.
🚀🚀🚀 FOLLOW BE_MASTER BUY_SMART 💰💰💰
Appreciate the work. 😍 Thank You. 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 💰🤩
🚀🚀🚀 PLEASE CLICK FOLLOW BE MASTER BUY SMART - Thank You.
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