The recent market-wide crash sending the XRP price down to $1.2 before an immediate rebound left traders wondering if the worst was over. Crypto analyst Steph noted this in a detailed technical analysis shared on X that the last move could be a major turning point for XRP. Although his view recognizes this the possibility of recovery, his deeper analysis of XRP’s chart history and key indicators paints a mixed picture of what lies ahead for the cryptocurrency.
Bearish RSI Divergence Echoes Price Collapse in 2021
According to Steph it is XRP’s current structure on the weekly time frame closely mirrors the 2020 to 2021 cycle that led to a 74% correction. The analyst highlighted a bearish RSI divergence where price forms higher highs while the RSI forms lower highs, indicating that buying momentum is waning even as prices try to rise.
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According to him, this pattern always indicates exhaustion of bullish strength and the beginning of corrections. Steph drew comparisons from late 2024, to July 2025, when XRP’s weekly RSI fell despite rising prices. This setup has now caused the most recent correction of 65% reached a low point last weekend.
He noted that the correction, which started around July 14, has lasted over 80 days, comparable to the duration of the 2021 correction. Based on this, XRP could be nearing the end of its corrective phase before a recovery takes place when history repeats itself.
Steph acknowledged that the recent crypto market crash was heavily influenced by macroeconomic factors, including the The US President’s announcement of a 130% tariff on Chinese imports, effective November 1. This shock, combined with leveraged positions across the market, led to the deepest liquidation troughs ever for XRP.
Nevertheless, the analyst believes that XRP has wiped out excessive debt and cleared liquidity zones around $2.25, and this has stage for a possible rebound to higher liquidity targets and new all-time highs above $4. However, continued bullish momentum from here depends on regaining other key price levels.
XRP Price Levels to Watch Before Calling a Bottom
Despite the bullish forecast, it is important to note that XRP is still at a technical crossroads be both bullish and bearish. The price has fallen below the range between $2.65 and $2.84, which had served as support for months. Therefore, recovering at least $2.65 at the weekly close is essential to confirm that the bottom has been reached and the recovery phase has begun.
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In his video, crypto analyst Steph also talked about the importance of the 50-week Simple Moving Average (SMA), which is currently around $2.45. A close below this line marked the start of bear markets for XRP. If we see one or two weekly closes below $2.40, that is a signal to exit crypto.
The bullish forecast, one that could even lead At the time of writing, XRP is trading at $2.52, up 2.6% in the last 24 hours.
Featured image from Getty Images, chart from Tradingview.com