Market Strategist Says If You Hold XRP, I Got News for You
Crypto analyst Steph Is Crypto believes XRP could be approaching a major reversal after identifying several technical signals that suggest the cryptocurrency may have already reached its bear market bottom.
Despite recent price weakness, the analyst maintains that XRP’s current position does not support an outright bearish outlook, particularly as the asset tests important long-term support levels.
In a video on X, Steph Is Crypto analyzed XRP’s weekly, daily, and two-week charts, identifying several technical signals that could indicate an approaching recovery. His analysis focused on historical trend lines, Fibonacci retracement levels, and the Gaussian Channel.
XRP Retests Major Trend Line As Price Holds $1.10
Steph Is Crypto began by examining a downward trend line that had guided XRP’s price movements since July 2025. The analyst noted that XRP recorded several rejections from this trend line throughout 2025 before breaking above it in August.
He explained that XRP is now testing the same trend line from above, describing the current movement as a healthy retest. He believes the cryptocurrency could maintain its upward market structure if it successfully holds this technical level.
The analyst also identified the $1.10 price level as an important area to watch. Using the daily chart, he pointed to the 0.786 Fibonacci retracement level, which XRP recently tested after briefly falling to approximately $1.06.
At the time of recording, XRP traded around $1.11. Steph Is Crypto compared the current price movement with February 2026, when XRP rebounded strongly after testing the same $1.10 Fibonacci level.
He believes XRP could repeat that recovery if buyers defend the level again. However, he stressed that XRP needs to record a daily candle close above $1.10 to maintain its current structure. If the price falls further, he identified the August low of $0.98 as the next important level.
Gaussian Channel Signals Possible Bear Market Bottom
The analyst also examined XRP’s two-week chart using the Gaussian Channel indicator. He explained that XRP currently trades slightly below the channel, a position that historically appeared during the final stages of previous bear markets.
Steph Is Crypto referenced May 2020 and November 2022 as previous examples. In both instances, the Gaussian Channel changed from green to red after XRP had already established a bear market bottom and started forming a higher low.
He noted that the indicator has now turned red for the first time since June 2024. Based on these historical patterns, he believes XRP could already have established its latest bear market low.
The analyst acknowledged that historical patterns do not guarantee another recovery but maintained that the current indicator reading supports a more optimistic outlook.
Analyst Identifies Long-Term Trend Line As Another Support Level
Steph Is Crypto concluded his technical analysis by examining an upward trend line that has guided XRP since 2020. Although the cryptocurrency briefly traded below this trend line in 2024, he noted that its current price remains close to the long-term structure.
He believes XRP’s position near this trend line offers a different technical setup from periods when the cryptocurrency trades significantly above it. He therefore encouraged XRP holders to maintain their conviction rather than react to short-term weakness.
The analyst also revealed that he is personally using the current price levels to dollar-cost average into XRP.
Ultimately, he believes the $1.10 level and the August low of $0.98 will determine whether XRP can maintain its higher-low structure and support the potential recovery suggested by his technical indicators.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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