The Crossroads of Crypto – XRP’s Pivotal Moment

The cryptocurrency market is a theater of constant drama, where fortunes rise and fall with the ebb and flow of sentiment and technical indicators.

Crypto analyst 'Steph' says that the Relative Strength Index (RSI) on Relative Strength Index (RSI)is now completely broke out of the 2-month falling wedge pattern on the weekly time frame.

According to the analyst, this technical indicator, usually used to measure the magnitude of price changes to determine overbought or oversold conditions in the market, has never broken out of the wedge like this without triggering a major rally.

"This is the RSI completely breaking out of the 2-month falling wedge," the analyst stated in a recent post on X, formerly Twitter. "We've never seen RSI break out of the wedge like this without setting off a serious rally."

The crypto analyst further noted that the last time the RSI had an "extreme low" like this, it triggered an almost 6X rally in November 2024.

"Last time we saw RSI this low, it set off a nearly 6X rally in November 2024."

As such, if the RSI continues to move upwards from here, then we can expect to see XRP experience a significant price increase.

"The RSI bottom is in, send it higher!" said Steph. "Must close weekly/monthly candle above the $1.9-$2 support to keep this structure."

If the price of XRP drops below this level of support, then it could invalidate the technical analyst's analysis. However, if the token manages to maintain its position above this critical support zone, then we can expect to see it breakout to new highs.

Highlighting another bullish factor, crypto analyst 'Steph' observed that the price of XRP appears to be at the end stage of a Wyckoff Re-accumulation schematic.

This pattern, named after the legendary trader Richard Wyckoff, is a classic consolidation phase in uptrending markets, and it usually indicates that strong hands, such as institutional investors, are accumulating the token ahead of another leg higher.

"This is the last stage of the complete schematic," said Steph.

The crypto analyst noted that XRP has been trading within this pattern since late 2024, especially after the massive rally that was sparked by Donald Trump's re-election. After hitting a peak of $3.4 in January, the token entered a prolonged consolidation phase, ranging between $2 and $3.3.

This type of price action is a hallmark of the Wyckoff Re-accumulation, which suggests that XRP is now preparing for its next major move.

"We're still in no man's land for the monthly chart after last month's candle closed practically on the support," added Steph. "If we lose this $1.9-$2 zone on lower time frames for weekly/monthly close, then this structure is toast."

"But if we hold, I'm still extremely bullish and we can expect to see some serious breakout potential."