**Top Analyst Says XRP Bottom is In, “Send It Higher”**
XRP is currently trading near the $2 mark, and crypto analyst Steph suggests the altcoin may have hit its bottom, with a potential price surge ahead. In a recent post on X, Steph shared a chart highlighting a historical pattern where XRP’s price rebounded following key RSI movements.
**Key Observations:**
The chart shows XRP’s RSI had been in a downtrend for the past two months, forming a falling wedge pattern. However, it has now broken out of this trend, signaling potential strength. Historically, when the RSI reached oversold levels and reversed, XRP’s price surged significantly. For example, in November 2024, XRP saw a nearly 6X price increase.
Steph believes XRP has reached its bottom in the current market downturn, likely not falling below the $1.90 low seen on March 11. “XRP bottom is in. Send it higher,” he wrote, hinting at a potential major rally.
Currently, XRP is trading at $2.29, down 2.5% today, after recovering slightly from the $1.90 low to $2.50 earlier this week.
**How High Could XRP Go?**
Steph has previously noted that when the Stochastic RSI dipped into oversold territory and flipped bullish, it marked XRP’s bottom. Based on historical patterns, he predicts a 500% rally, potentially pushing XRP to $13-$14. In a separate analysis, he even suggested a $30 target.
*Disclaimer: This content is informational and not financial advice. Conduct your own research before investing. The Crypto Basic is not responsible for financial losses.*
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