XRP Bottom Confirmed? Analyst Predicts Massive Surge to $30 Soon
A notable analyst believes XRP has already hit its bottom, citing technical indicators and historical data.
By Tylt Editorial Team
XRP may have already reached its lowest point, as per analyst Steph.
A bullish divergence suggests selling pressure is weakening.
If XRP holds above key levels, a $30 price target is possible.
The ongoing decline in XRP’s price since February 2025 has been part of a larger market correction driven by macroeconomic uncertainties and a severe downturn in the U.S. stock market. However, some analysts believe that XRP might have already found its bottom, setting the stage for a potential reversal.
Crypto analyst Steph (@Steph_iscrypto) has identified a key technical signal suggesting that XRP’s downward momentum may be fading. He points to a bullish divergence on the daily chart between February 28 and March 11. A bullish divergence occurs when an asset reaches lower lows while a momentum indicator, such as the Relative Strength Index (RSI), shows higher lows. This pattern often signals a potential reversal.
According to the data, XRP hit a low of $1.94 on February 28 before recovering briefly. However, the price corrected again, forming a lower low of $1.89 on March 11. Interestingly, while the price dropped, the RSI showed a higher low, rising from 32.72 on February 28 to 43.34 on March 11. This suggests that selling pressure is weakening and the market could be preparing for an upward move.
Steph believes this pattern indicates that XRP has likely bottomed out. While an immediate price surge might not be guaranteed, historical performance suggests that the price may not drop below the $1.89 level. He references a similar bullish divergence from the 2022 bear market, when XRP formed a lower low at $0.28 while the RSI posted higher lows. Despite the prolonged bearish phase at the time, XRP never fell below $0.28 again.
Looking ahead, Steph sees potential for XRP to reach an ambitious $30 price target. He points to a double bottom formation on the monthly chart, a pattern that typically signals a strong upward move. The first bottom was in March 2020 at $0.1140, and the second bottom appeared in June 2022 at $0.2870. The neckline of this formation sits around $2, representing the April 2021 high.
XRP successfully broke above this neckline in December 2024 and maintained its position through January 2025. However, the ongoing market correction has led to a retest of the breakout level. If XRP can hold above the $2 mark, Steph believes the $30 target could become a reality.
As always, investors should exercise caution and conduct thorough research before making any financial decisions. Market conditions remain volatile, and past performance does not guarantee future results.
