XRP Analyst Sees New Bull Run as Price Breaks Long-Term Trend Line
A widely followed cryptocurrency analyst on X has identified a recurring pattern on the XRP monthly chart that signals major bull runs. According to the analyst, Steph Is Crypto, XRP has broken a long-term downward trend line, a technical move previously linked to substantial price surges.
The pattern, tracked across three cycles since 2020, has provided consistent signals. In each of these cases, the resulting bull runs lasted at least 122 days, indicating a recurring relationship between trend line breaks and extended upward price movement.
Additionally, the analyst has examined XRP's long-term ratio against gold, identifying another support trend line that has remained intact since 2020. A move above the current resistance level of 0.0003 to 0.0004 in the XRP/gold ratio could potentially lead to an all-time high.
Currently, XRP is consolidating after a recent rapid increase, described by Steph Is Crypto as a potential bullish flag. The analyst maintains that 'the consolidation phase is healthy, and as long as XRP holds above its key levels, the bullish structure remains intact.'