Crypto analyst Steph Is Crypto, operating under the handle @Steph_iscrypto on X, has published a video that draws a compelling comparison between XRP's current market position and a significant commodity reversal from recent history. The analysis focuses on a pattern observed when oil markets faced widespread doubt before experiencing a sharp upward movement.
In the video, Steph Is Crypto likens XRP's present situation to that of oil in 2020. At that time, sentiment heavily favored a bearish outlook for oil, yet its price subsequently accelerated rapidly. Steph presented this parallel as a framework for understanding XRP's current price structure and its potential for upside.
This #XRP pattern changes everything! pic.twitter.com/TYnqdaR2Xl
— STEPH IS CRYPTO (@Steph_iscrypto) January 14, 2026
Context Surrounding XRP's Market Position
At the time of Steph Is Crypto's analysis, XRP was trading at $2.09. The digital asset had experienced a modest resurgence in early 2026, but it remained positioned close to the critical $2 support level. Despite this price consolidation, XRP continues to be recognized as one of the most liquid digital assets available in the market. Furthermore, it serves as a central component of Ripple's payment-focused infrastructure. Many long-term holders continue to monitor XRP not as a speculative token, but rather as a macro asset.
Steph Is Crypto's analysis deliberately bypassed short-term indicators. Instead, he approached XRP as an asset that has already undergone an extended period of price compression. This perspective set the stage for the subsequent comparison with the oil market's historical performance.
The 2020 Oil Market Comparison
Steph Is Crypto highlighted the oil market's trajectory between 2020 and 2022. During this timeframe, oil prices experienced a significant surge of approximately 1,450%. This substantial price increase followed a period characterized by a collapse in market sentiment and a general disappearance of investor confidence. Following this phase, oil entered a sustained period of expansion that caught many market observers by surprise.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Steph Is Crypto argued that XRP currently occupies a comparable psychological and structural position within the market. He noted that oil's price exploded precisely when many believed its prospects were over. He directly connected this observation to the present situation, expressing his belief that XRP is poised for a significant upward move because a substantial number of market participants have either discarded the asset or are selling prematurely.
Projected Trajectory for XRP
A 1,450% increase signifies a 14.5-fold rise from the initial price. Applying this scale to XRP's current price of $2.09 suggests a potential projected level near $32.4. Steph Is Crypto's analysis centered on the behavior of markets following prolonged phases of disbelief, particularly when existing liquidity and visibility are present, demonstrating a strong correlation between the performance patterns of both assets.
Steph Is Crypto's thesis positions XRP within a broader, longer-term market cycle narrative. He presented oil's recovery as evidence that deeply discounted assets can experience aggressive repricing once market conditions become favorable. The video suggests that XRP could be poised for a similar breakout if the cycle he outlined unfolds as anticipated.