Analyst Spots Bullish Chart Signal: XRP Price Surge Appears Imminent

Forget the noise—a classic technical pattern is flashing green for the embattled token.

The Setup on the Screen

Charts don't lie, at least according to the analysts who read them. A specific bullish formation has emerged on XRP's price chart, one historically linked to significant upward momentum. It's the kind of signal that makes traders sit up and recalibrate their portfolios, suggesting the recent consolidation phase might be a springboard, not a stagnation.

Reading Between the Candlesticks

This isn't about vague hope or community sentiment. It's pure technicals. The pattern indicates that selling pressure has been exhausted at a key level, setting the stage for buyers to step in and drive the price higher. When these formations confirm, they often trigger a wave of algorithmic and institutional buying—because nothing moves a market like a self-fulfilling prophecy dressed up as analysis.

The Road Ahead

If the signal holds, the path of least resistance points north. The target, based on the pattern's traditional measuring implications, implies a move that could reclaim lost ground and potentially test higher resistance zones. Of course, in crypto, a 'sure thing' is just a 51% chance that hasn't been wrecked by a tweet from a billionaire or yet another regulatory head-fake—the timeless dance of finance, where the house always wins, but occasionally lets a few retail traders think they've cracked the code.

The charts have spoken. Now we see if the market listens.

TLDR

• Stochastic RSI at 0.00 indicates exhaustion of selling pressure for XRP.
• XRP price remains below key resistance levels but shows signs of bullish momentum.
• XRP ETFs see inflows, signaling continued institutional interest in the asset.
• XRP price could surge if it reclaims $1.98, targeting levels near $3.66.

A new chart analysis by crypto expert Steph suggests that XRP may be poised for a price surge. According to the analyst, the current market conditions and a specific technical indicator are presenting a positive outlook for the altcoin. This chart signal, which has been linked to previous XRP rallies, suggests that a significant move could be on the horizon.

Stochastic RSI Indicates Exhaustion of Selling Pressure

Steph pointed out an important signal on the 3-week xrp price chart that could mark the bottom of the current bearish trend. The Stochastic Relative Strength Index (RSI) recently reached 0.00, a rare occurrence that has only happened once before, at the 2022 bear market bottom. This suggests that selling pressure has been exhausted and that the downside risks for XRP are limited.

The RSI reaching such a low point on a high timeframe, like the 3-week chart, is typically seen when market sentiment has fully shifted from a sell-off phase to a potential accumulation phase. While Steph noted that this doesn’t guarantee an immediate price reversal, the chart pattern points to the possibility of a rally in the coming months.

Steph also highlighted that similar signals in the past have been followed by an extended accumulation phase before prices moved higher. This reinforces the idea that the risk of further downside is structurally limited, and long-term holders are likely absorbing supply rather than distributing it. The analyst emphasized that these signals are often indicators of market cycle lows rather than short-term trading opportunities.

XRP ETFs Continue to See Positive Flows

The analyst also drew attention to the continued growth of XRP Exchange-Traded Funds (ETFs), which have been attracting institutional investors. Since the launch of the Canary fund on November 13, XRP ETFs have experienced consistent daily inflows, totaling over $1.1 billion in net assets.

This ongoing inflow suggests strong institutional demand for XRP, even as the cryptocurrency’s price has remained below key resistance levels. Institutional interest in XRP is generally seen as a positive sign, as it indicates long-term confidence in the asset’s potential, despite the fluctuations in price. The continuous inflows into XRP ETFs could provide additional support for the altcoin’s price in the future, particularly if market conditions turn favorable.

XRP Price Faces Key Resistance Levels

Despite the Optimism around XRP’s potential, the price remains below critical resistance levels, which could limit short-term gains. According to analyst CryptoXLarge, XRP is currently trading below the descending trendline around the 8 to 21 Exponential Moving Averages (EMA). Additionally, the price is attempting to break below key support at $1.95, which has been a significant level throughout the year.

A weekly close below $1.95 could increase the likelihood of a drop to the $1.60 support level, NEAR the Fibonacci 0.618 level. However, if XRP can close above $1.95, it could trigger a relief rally with potential price targets near $2.30 and $2.70. Crypto King, another analyst, suggested that reclaiming the $1.98 level could eventually push XRP to as high as $3.66, signaling a significant upward trend.

At the time of writing, XRP’s price is hovering around $1.87, showing a slight increase in the last 24 hours. As the market continues to monitor XRP’s movement, traders are closely watching for a breakout above these key levels, which could set the stage for a more substantial rally