XRP Price Shows Potential Upside as Stochastic RSI Hits Zero

Crypto analyst Steph has identified a significant factor in the XRP price chart, noting an unusual drop in the Stochastic RSI to 0.00 on a 3-week timeframe, a rare occurrence last seen during the 2022 bear market bottom. This suggests that the selling pressure is exhausted, indicating limited downside risk and potential accumulation by long-term holders.

The last instance of this signal led to a prolonged accumulation phase before a major price increase.
XRP ETFs show consistent inflows, with net assets exceeding $1.1 billion, driven by institutional demand.

XRP Price Analysis

Analyst CryptoXLarge notes XRP remains below key trendline levels between the 8 and 21 EMA.
A weekly close below $1.95 could lead to a move toward $1.60 support (Fib 0.618 level).
A close above $1.95 may prompt a rally towards $2.30 and potentially $2.70.
Another analyst suggests reclaiming $1.98 could drive XRP up to $3.66.

Currently, XRP trades at approximately $1.87, showing a slight increase over the past 24 hours.