news 
Market Strategist Warns XRP Holders of Critical Resistance Level
A renowned market strategist has sounded a warning for XRP holders, highlighting the significance of a particular resistance level on the monthly chart. According to Steph Is Crypto, this critical area must be overcome for XRP’s short-term and long-term trajectory to continue its upward momentum.
In his latest video analysis, Steph carefully examined XRP’s price action since 2020, noting that repeated rejections at an ascending trendline have been observed on three separate occasions. This recurring phenomenon has preceded prolonged bear markets in the past.
The analyst emphasized the gravity of a confirmed breakout above this trendline, particularly with a strong weekly candlestick close. Such a development could invalidate prior market cycles and propel XRP towards significantly higher valuations, potentially reaching double-digit figures.
On the other hand, a rejection from this level might trigger a period of downward pressure. Despite expressing cautionary sentiments, Steph believes that the likelihood of a breakout is higher, attributing this to ongoing momentum in July’s monthly candle as well as recent retests within a short timeframe.
Short-Term Setup: Double Bottom Formation and Key Support at $3
On the 4-day chart, Steph pointed out a double bottom formation that has already broken its neckline. Although the broader crypto market was experiencing bearish sentiments during his analysis, he noted that this bullish reversal pattern remains active with a technical target of approximately $4.42.
The analyst underscored the importance of the $3.00 level as a strong area of support, emphasizing historical interactions within this range. This region has seen significant price interaction, including multiple rejections and an earlier fakeout in 2025.
If XRP experiences a short-term pullback due to temporary overheated market conditions or extreme greed in the crypto sentiment index, Steph believes this $3 area could attract renewed buying interest.
Momentum Indicators Suggest Further Upside Potential
Reviewing XRP’s weekly chart, Steph assessed the MACD indicator and found that current momentum levels are still below those seen during a notable rally from $0.50 to $3.40 earlier in 2024.
He interpreted this data as a signal suggesting there could be substantial upside potential for XRP in the coming months. However, he warned of emerging bearish signals emanating from both weekly and bi-weekly stochastic RSI readings entering overbought territory.
Source: timestabloid.com
