Top Analyst Says XRP Final Countdown Has Started, Issues Timeline for Price Reversal Back to the Upside

In a recent update on X, market watcher Steph provided a detailed analysis for XRP holders, stating that the final countdown for a potential price reversal has begun. According to Steph, there are strong signals indicating when XRP could break back to the upside. His analysis focused on XRP’s current position in relation to the exponential moving average (EMA) ribbons. Traders widely use the EMA ribbons to gauge bullish or bearish market conditions. When the price of XRP is below the ribbons, it signals bearish momentum, which is the case at the moment. Steph stated that XRP has been trading below the EMA ribbons for 37 days since the beginning of February. He pointed out that the last time XRP traded below the ribbons was in October 2024. According to him, XRP spent 35 days in this bearish territory before breaking above the ribbons and sparking a monumental price rally. During this time, XRP jumped from approximately $0.50 to over $3 before the current correction began. Historical Patterns Pointing to XRP Reversal Furthermore, Steph highlighted historical patterns, comparing the current market conditions to other instances when XRP dipped below the EMA ribbons. One such example was in April 2024. He noted that XRP spent 90 days below the ribbons before experiencing a 43% price rally. Another notable instance was in August 2023, when the token spent 64 days below the ribbons, only to rise by 47% after breaking through. Accordingly, Steph suggests that the current market scenario is no different, with XRP possibly on the verge of a similar breakout. He argued that the worst-case scenario for XRP is to spend 90 days below the EMA ribbons. Meanwhile, he stated that the moderate case is 64 days. With few occasions where XRP traded below the ribbons for 36 days, and now that it has already spent 37 days, Steph sparked optimism that XRP could be about to see a huge reversal.

Key Price Levels to Watch The analyst pinpointed a key level for XRP to break through in order to confirm the potential price reversal. According to Steph, if XRP breaks above $2.35 with a daily close, it could trigger a massive rally. He estimated that the minimum rally would be around 40% based on previous movements. Yet, he hinted that the price could rise even more. The Short Squeeze Potential Another critical point Steph raised is the current funding rates for XRP. He noted that funding rates are extremely negative, and many traders are shorting XRP. "This creates a lot of liquidity above us with very little below. Price typically targets the highest liquidity, so a massive short squeeze is likely to occur soon," he said. Steph believes a short squeeze could accelerate the price surge, fueling the anticipated rally.