TLDR
- XRP has been shopping below EMA bands for 37 days, a pattern that historically precedes price collections
- Analyst Steph predicts a potential price turnover soon, with an important breakout level to $ 2.35
- Negative financing degrees and many traders who short -in XRP can lead to a “short press” and speed up the price at price
- XRP is currently trade at $ 2.25, up by more than one percent in the last 24 hours
- Cryptocurrency is stuck in a sideways between support and resistance zones of $ 2.25- $ 2.30
XRP shows signs of a potential price turnover according to market analyst Steph. In a recent X post, the analyst shared detailed insights on XRP’s current market position and its possible price movement in the coming weeks.
The final countdown has begun for #Xrp.. pic.twitter.com/ndaidpb995
– Steph is Crypto (@steph_iscrypto) March 12, 2025
XRP has acted below the exponential moving average (EMA) for 37 days since the beginning of February. This technical indicator is important for traders who use EMA bands to detect market trends.
When a Cryptocurrency acts under these bands, it shows Baissertat Momentum. This is the case with XRP right now.
Steph pointed out that the last time XRP traded under bands was in October 2024. During that period, XRP stopped in the Baisse -like zone for 35 days before breaking through.
XRP price
That breakthrough led to a large price. XRP jumped from about $ 0.50 to over $ 3 before the current correction began.
Analysts looked at other times when XRP dipped under EMA bands. In April 2024, XRP spent 90 days under band before seeing a price of 43%.
Another example happened in August 2023. XRP stayed under bands for 64 days and then rose by 47% after breaking through.
Based on these designs, Steph believes that XRP can be close to a similar breakout. The worst case would be to spend 90 days under EMA bands.
A more moderate case would be 64 days. With XRP already at 37 days under band, Steph sees reason for optimism about a possible price turnaround soon.
The analyst identified $ 2.35 as an important price level to look at. If XRP breaks over this mark with a daily closing, it can trigger a large rally.
Based on previous movements, Steph expects at least 40% rally, with potential for even higher profits.
Another factor that can increase XRP’s price is the current funding interest rates. Steph noted that these prices are very negative, with many traders who short -circuit XRP.
“This creates a lot of liquidity above us with very little below. The price is usually aimed at the highest liquidity, so a massive card press is likely to occur soon, ”Steph explained.
A brief pressing occurs when traders who are investing in an asset are forced to buy it back to higher prices. This can speed up XRP’s price increase.
In the short term, XRP recently bounced from a support area to a resistance zone between $ 2.25 and $ 2.30. The price is now struggling at this level.
If XRP breaks over $ 2.30 and closes over this mark, it may go against $ 2.50 $ 2.60. The next large resistance area is between $ 2.65 and $ 2.80.
Currently, XRP deals sideways and creates opportunities for traders to buy on support and sell on resistance. A confirmed outbreak over the resistance can lead to short -term gains.
At the time of writing, XRP is traded at $ 2.25, up by more than one percent over the past 24 hours. At the same time, Bitcoin is down by more than two percent and trade to $ 81,000.
