XRP Turnaround Moment? Analyst Says It’s Lift-Off Time

Christian Encila

2 months ago

2 mins read

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XRP could be preparing for a major price increase after hitting its lowest point of $1.90 on March 11, according to crypto analyst Steph. The digital currency, which is now trading at $2.29 following a 2.5% drop today, shows technical signs that might signal the end of its recent price decline.

Steph shared this outlook in a post on social platform X, where he presented chart evidence suggesting XRP may have completed its downward cycle. “XRP bottom is in. Send it higher,” wrote the analyst, hinting at a possible upcoming rally.

RSI Pattern Shows Promising Break From Downtrend

The technical study mostly focuses on XRP’s relative strength index (RSI), which had been declining in a falling wedge pattern for two months. Recent statistics reveal this indicator has deviated from its trend, suggesting increasing market strength for the cryptocurrency.

The #XRP bottom is in.

Send it higher! pic.twitter.com/3zG52bh7Hj

— STEPH IS CRYPTO (@Steph_iscrypto) March 16, 2025

The research claims that this RSI movement fits past trends causing notable price fluctuations. XRP prices jumped each time the RSI sank to oversold levels and then turned around. Green circles on Steph’s chart show these historical instances, including a November 2024 one whereby the altcoin’s value multiplied almost six times.

Shortened Recovery Tracked Low Point

XRP showed indications of recovery after falling to the $1.90 level by climbing to about $2.50 over a few days. The altcoin has fallen short in keeping this increasing trend, though. This movement coincides with experts debating whether the altcoin has really reached its lowest point or whether more declines could take place.

XRP market cap currently at $133 billion. Chart: TradingView.com

Analyst Predicts Possible 500% Price Increase

This isn’t the first time Steph has suggested XRP has reached its price floor. In an earlier analysis, he pointed to the Stochastic RSI indicator showing oversold conditions for the coin, which he claims historically marks exact bottom points for the cryptocurrency.

Based on past performance patterns, Steph projects XRP could experience a 500% price surge, potentially reaching between $13 and $14. While acknowledging these numbers are speculative, the analyst believes if history repeats itself, XRP might see rapid price growth in a short timeframe.

Meanwhile, in a separate analysis, Steph has made an even bolder prediction that XRP could reach $30. These forecasts come as XRP continues to trade near the $2 mark while showing technical indicators that some experts believe signal a coming price reversal.

Featured image from Gemini Imagen, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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