The calm surrounding XRP has been going on for months now. But according to analyst Steph, that silence may be misleading. Behind the scenes, the currency is said to be preparing for a surprising rise.
‘Is ice zero euphoria’
At first glance, little seems to be happening with the XRP price. Yet analyst Steph sees clear signals that indicate a reaccumulation phase. That is a period in which major players quietly expand their positions while the market is lulled to sleep.
“There is absolutely zero retail interest,” he says. “And that is positive. No hype often means that smart investors are buying up.”
Another striking signal is the so-called bullish divergence. While the price recently formed lower lows, the RSI indicator actually showed higher lows. According to Steph, this is a sign that sales pressure is decreasing and purchasing power is increasing.
XRP moves in a narrow bandwidth
Since the beginning of this year, XRP has fluctuated between $2.00 and $3.30. That seems boring, but according to market structure theory this fits perfectly with reaccumulation. The price pauses, while strong hands slowly take position.
If this phase is followed by a breakout, price targets towards $7.50 would not be out of the question. But then the support zone around $1.70 must remain intact.
Money inflow can accelerate breakout
It’s not just the graphs that give hope. The broader market conditions are also contributing. Now that central banks are relaxing their policies and institutional parties are looking at crypto again, the chance that fresh capital will flow into XRP increases.
That momentum, combined with the current technical setup, could provide significant momentum.
It remains crypto
Yet nothing is certain. If XRP falls below $1.70, the entire scenario could fall apart. And if resistance around $3.30 holds again, investors may be left waiting for months to come.
Steph herself calls it a game of probabilities. “But,” he says, “the cards are favorable. And that’s when you have to pay attention.”
Source: https://newsbit.nl/crypto-expert-waarschuwt-dit-moet-je-als-xrp-investeerder-weten/
