Analyst: You Are Very Wrong About This XRP Dump. Here’s Why

The current plunge in XRP has rattled many traders, but a close look suggests that panic may be misplaced. Rather than signaling a brutal bear capitulation, the recent drop could actually be laying the groundwork for a powerful rebound. Monthly Stochastic RSI: A Historical Buy Zone According to STEPH IS CRYPTO, the monthly Stochastic RSI for XRP is once again approaching a key support zone around 40. Historically, this level has acted as a strong trough after a full overbought cycle. Steph points out that in both the 2017 and 2021 bull runs, XRP’s Stochastic RSI dropped from overbought, found support near 40, and then exploded higher. He argues that the current setup strongly mirrors those prior inflection points. Bearish Candle, Bullish Implication Steph also highlights the October monthly candle, which left a prominent lower wick on the XRP chart. He interprets this as a sign of rejection — a...

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