XRP Enters Final Phase of Bear Cycle with Historic Price Pattern
XRP's price movement suggests that it has entered the final phase of its current bear cycle. Historically, XRP has shown patterns that have led to long-term reversals and strong bullish trends. The asset recently closed below its 1-month 50-period moving average (1M MA50) for the second consecutive month, a pattern seen before major market bottoms in June 2024 and during the 2021/22 bear market.
According to the chart structure, XRP's current price action resembles earlier cycle patterns that led to significant bull cycles. The 1-month Relative Strength Index (RSI) has also approached its Lower Lows trend line, which has historically produced strong long-term buy signals.
If this pattern repeats itself, XRP could move deeper into its 6-year Buy Zone before completing the current bear cycle. The projected bottom range sits between $0.80 and $0.65, covering a possible move to both the 1M MA100 and the 1M MA150.