- Analyst Steph suspects that XRP has reached its low point and refers to a positive divergence in the RSI despite continuing price losses.
- Historical patterns suggest that XRP keeps over $ 1.89, whereby market observers suspect long -term recovery.
Crypto market analyst Steph thinks that XRP could have passed the valley sole. The findings of the analyst come at a time when XRP is fighting with a downturn, which began in February and was triggered by a larger market dock, which was triggered by macroeconomic turbulence and a significant slump in the US stock markets.
Despite the decline, the analyst believes that this is a strong sign of an upcoming price reversal. He emphasizes an interest bully divergence on the XRP daily chart, a pattern that indicates that the sales pressure could decrease. This divergence occurred between February 29 and March 11th and indicates that the cryptocurrency value will no longer decrease.
An interest bully divergence occurs when the course of a financial value reaches new lowest, while an indicator like the relative stringth index (RSI) indicates higher deep stalls, which indicates a declining down dynamics. According to Stephs Chart, XRP reached a value of $ 1.95 on February 29, after an announcement by President Donald Trump, recovered slightly, but then corrected a lower low of $ 1.89 on March 11.
Indicators indicate the XRP price limit
Interestingly, the RSI of XRP did not follow the price development directly. On February 29, when XRP reached $ 1.95, the RSI fell to 33.54. Although XRP continued to fell to $ 1.89 on March 11, the RSI climbed to 43.47, which indicates that the downward moment could lose strength.
Steph sees historical similarities in the behavior of XRP. He refers to June 2022 when the cryptocurrency during the bear market showed a similar bullish divergence. At that time, XRP reached its low point at $ 0.28, while the RSI showed a stronger momentum. Although it took months before XRP recorded a significant increase, the price never fell below this level again.
If the current trend reflects the year 2022, Steph believes that XRP could have reached a solid soil at $ 1.89. This does not necessarily mean an immediate explosive rally, but it strengthens the argument that the asset is declining. The investors now speculate whether the story will repeat themselves and pave the way for a massive increase.
XRP rating increases and exceeds Ethereum FDV
Another important development is that XRP-FDV has overtaken the Ethereum-a milestone that signals a significant change in market dynamics. The FDV – the Fully Diluted Valuation, ie the “fully watered evaluation” – is the market capitalization of a cryptocurrency if the entire token stock was in circulation.
As of March 14, the FDV of XRP was almost $ 235 billion and thus exceeded that from Ether by more than $ 1 billion, based on Data von Coingecko .
This shift reflects a growing wave of interest in the decentralized finance ecosystem (Defi) from XRP Ledger, while Ethereum faces growing competition through other Layer 1 blockchains such as Solana. However, Ethereum still has a lead in the market capitalization, which is $ 233 billion, compared to $ 136 billion of XRP.
The FDV represents the total value of all existing tokens, while market capitalization only takes into account the tokens already in circulation. Since Ripple Labs keeps a billion -dollar allocation of XRP, the overall rating of the coin is given additional weight. The question now is whether this trend will continue or whether Ethereum will recapture its dominance.
Is an XRP increase of $ 30 possible?
The speculations about the potential of XRP to exceed the previous highs are increasing. While analysts remain careful in short -term expectations, historical data indicate that persistent positive divergence is often preceded by major price increases. When XRP lasts over $ 1.89, retailers see the possibility of a bullrun.
Since XRP gains momentum and its FDV exceeds that exceeds Ethereum, the cryptocurrency seems to be in a strong position. Whether it reaches the ambitious $ 30 goal remains uncertain, but the signs of significant market shift are becoming increasingly stronger.
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