the The recent market-wide collapse This sent the price of XRP falling to $1.2 before an immediate rebound occurred leaving traders wondering if the worst was over. Steve, a cryptocurrency analyst, noted in a detailed technical analysis shared on X That’s the last step It could be an important turning point for XRP. Although his look admits possibility of recovery, His in-depth analysis of XRP chart history and key indicators paints a mixed picture of what lies ahead for the cryptocurrency.
Echoes of 2021’s bearish RSI divergence are price collapse
According to Steve, The current structure of XRP on the weekly time frame closely reflects the cycle from 2020 to 2021 that led to a 74% correction. The analyst highlighted a bearish RSI divergence where the price is forming higher highs while the RSI is forming lower highs, indicating that buying momentum is fading even as prices attempt to move higher.
Related reading
In his view, this pattern always indicates the exhaustion of upward strength and the beginning of corrections. Steve made comparisons to late 2024, through July 2025, when XRP’s weekly RSI was falling despite rising prices. This setup has now resulted in the latest 65% retracement. It hit bottom over the weekend.
He pointed out that the correction, which began around July 14, lasted more than 80 days, similar to the duration of the 2021 correction. Accordingly, XRP may be approaching the end of its corrective phase before rebounding. If history repeats itself.
Steve admitted that the recent collapse in the cryptocurrency market was strongly influenced by macroeconomic factors, including US President’s announcement Imposing a 130% tariff on Chinese imports, effective November 1. This shock, combined with leveraged positions across the market, led to the deepest liquidations ever recorded for XRP.
However, the analyst believes that XRP got rid of excessive leverage and cleared liquidity areas around $2.25, and this determined the situation. A stage for a possible recovery To higher liquidity targets and all-time highs above $4. However, continued upward momentum from here depends on the recovery of other important price levels.
XRP price levels to watch before hitting the bottom
Despite the bullish outlook, it is important to note that XRP is still at a technical crossroads that could do just that It can either be bullish or bearish. The price fell below its range between $2.65 and $2.84, which has served as support for several months. Therefore, recovering at least $2.65 at the weekly close is essential to confirm that the bottom has been reached and the recovery phase has begun.
Related reading
In his video, cryptocurrency analyst Steve also talked about the importance of the 50-week simple moving average (SMA), which is currently around $2.45. A close below this line marked the beginning of bear markets for XRP. If we see a weekly or two-week close below $2.40, that is a signal to exit crypto.
The bullish outlook, which could take XRP to all-time highs, depends on whether it can close a weekly close above $2.4, cross $2.65 and its 50-week simple moving average, and maintain buying strength. At the time of writing, XRP is trading at $2.52, up 2.6% in the past 24 hours.
Featured image from Getty Images, chart from Tradingview.com
The post Why This Pundit Believes It’s “Game Over” For XRP Following The Crash first appeared on Investorempires.com.
