Analyst Says XRP Is Ready for Parabolic Price Rally. Here’s why

Crypto analyst Steph Is Crypto has outlined a bullish market outlook for XRP, suggesting that the digital asset is nearing a major breakout on the four-day chart. According to the analyst, XRP is currently forming a substantial bull flag pattern following a rally that began on June 22. Steph noted that if this pattern breaks to the upside, the price target could reach approximately $5.40, representing an increase of over 60% from current levels. The analyst emphasized that while confirmation will take some time due to the longer time frame, the market conditions appear favorable for such a move. Ethereum’s Breakout as a Catalyst for Altcoin Season Steph linked the potential surge in XRP to broader market movements, particularly Ethereum’s recent breakout from a multi-year resistance line established in 2021. The analyst believes this event signals the beginning of a major altcoin season. Ethereum’s breakout has coincided with a significant rise in search interest for Ethereum (ETH), as shown by Google Trends data. Steph stated that the first key resistance target for Ethereum lies between $4,600 and $5,000, with a possible extension to $6,581 if momentum continues. #XRP ABOUT TO GO CRAZY!!!!!!! (Price Prediction) pic.twitter.com/u7SW5VBvVX — STEPH IS CRYPTO (@Steph_iscrypto) August 9, 2025 Altcoin Season Index and Market Sentiment Discussing the altcoin season index, Steph pointed out that the current reading is at 41, which is below the level typically associated with peak altcoin euphoria. Historically, the index reaching above 75 has preceded multi-week or multi-month corrections. With the current reading leaving room for growth, Steph believes the altcoin market still has significant upside potential before reaching overheated conditions. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Momentum Indicators Supporting Bullish Outlook Steph highlighted the MACD indicator on the daily XRP chart, noting that a bullish crossover has recently formed. The last occurrence of this signal in June preceded a substantial rally. Additionally, XRP is reportedly testing previous resistance levels as new support, which the analyst interprets as a sign of strength. The next critical resistance level is around $3.40, and a weekly close above this could open the path for $4.50 and potentially $5 or more in the coming weeks. Long-Term Technical Patterns and Potential Upside On a broader scale, Steph observed that XRP is approaching another test of a monthly RSI downtrend line that has persisted since 2017. While still some distance away from this point, the analyst says it will be important to monitor for any signs of weakness upon reaching it. A similar technical setup is seen in XRP’s long-term trend line dating back to 2021. If the setup breaks, it could trigger a sharp price rally similar to Bitcoin’s breakout past its long-standing trend line. Steph concluded by reiterating the importance of closely monitoring both XRP and the broader altcoin market in the coming days and weeks, as the technical and market conditions suggest the possibility of significant upward moves. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Says XRP Is Ready for Parabolic Price Rally. Here’s why appeared first on Times Tabloid .

Source: TimesTabloid