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Analyst Suggests You Sell Your XRP at This Level, Says 99% Have No Clue
A widely followed crypto analyst, STEPH IS CRYPTO, has recently issued a warning to XRP holders: sell your assets now, as the majority of investors are missing crucial signals that mark the end of a crypto bull run.
In his latest video, STEPH cited the Altcoin Season Index, a reliable historical metric, noting that most retail investors miss critical cues signaling the conclusion of an upward trend. This index tracks the relative performance of the top 50 altcoins compared to Bitcoin over a period of 90 days. When below 25, it signals a good time to accumulate altcoins; however, when above 75, it typically marks the height of an altcoin mania, indicating it’s wise to take profits and shift into stablecoins.
At present, the index has climbed to approximately 29, steadily moving towards the danger zone. STEPH IS CRYPTO emphasizes that this metric has consistently signaled market tops in previous cycles, specifically between 2020 and 2022.
The analyst highlights that XRP is currently trading at $3.18, displaying a modest 0.12% decline over the last 24 hours. The price has been hovering just below strong resistance in the range of $3.60-$3.75, potentially setting up for further upside or a peak before a correction.
Several bullish patterns are visible on the chart, including a golden cross on the daily timeframe and continuation formations like bull flags and pennants. Some analysts have projected targets ranging from $5 to as high as $6.50, assuming favorable momentum continues.
However, STEPH IS CRYPTO’s commentary advises caution as the broader altcoin market begins to show signs of exhaustion.
Source: timestabloid.com
