Market Strategist Says This Is XRP Game Over. Here’s why

XRP is at a critical juncture. Crypto analyst Steph Is Crypto (@Steph_iscrypto) has issued an urgent update, warning holders that the asset is breaking down from a trend line that has held since 2017. That trend line sits at roughly $1.30, and XRP is currently trading below it on the monthly time frame.

The weight of that break is significant. For nearly a decade, this upward trend line has supported XRP through two major bull markets, in 2017 and again in 2024.

Now, with the monthly candle set to close at the end of June, Steph says the situation is “absolutely dangerous” if the asset fails to recover above $1.30 before then.

Two Time Frames, Two Warnings

XRP lost $1.30 when it fell in early June. Although reclaiming it is important, the monthly chart is not the only concern. On the weekly time frame, XRP has also broken below a trend line established in July 2024.

Steph says XRP needs to reclaim $1.15 by the end of the upcoming Sunday to be safe. At the time of the video, XRP was trading at $1.09. That puts the asset below both key levels simultaneously, adding urgency to the analyst’s assessment.

Price Targets if Support Fails

Steph lays out specific downside targets for anyone preparing for further weakness. The first major support zone sits at roughly $0.95. Below that, he identifies $0.70 to $0.75 as a potential wick zone, citing historical price rejections and support at those levels in 2021, 2022, and 2023. He calls a drop to that area his absolute worst-case scenario.

Bullish Signals in the Mix

Despite the warnings, Steph identifies reasons to stay attentive on the upside. On the three-day time frame, XRP is showing a bullish divergence. It has made a lower low while the RSI has printed a higher low since February 3. Steph reads this as sellers getting exhausted and buyers gaining strength.

He says this signals that “either the bottom is already in or very close right now.” He also notes that XRP recently hit a new yearly low amid extreme fear and low market volume. Historically, those conditions have aligned with market bottoms.

The Level That Changes Everything

Steph keeps returning to $1.30 as the confirmation level. He is clear that no outcome is guaranteed. However, reclaiming that level on the monthly chart would signal that the bottom is most likely in and that the next bullish trend is beginning. Without it, the downside targets remain in play.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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