Steph Is Crypto (@Steph_iscrypto), a well-followed analyst, recently released a detailed analysis about XRP’s latest price movements following the sharp market crash.
In his video, he highlighted XRP’s brief fall below $2 before rebounding, and he believes the way investors reacted during the drop is a key signal for what may come next.
According to the analyst, “panic was driven by derivatives liquidations, not investors selling,” as XRP’s exchange supply remained nearly unchanged throughout the event. This stability in exchange reserves indicates that long-term holders maintained confidence during the downturn.
The analyst emphasized that the crash appeared to be largely technical, not driven by large-scale selling. This observation aligns with his interpretation of the gray line on the chart, representing XRP’s exchange supply, which showed no notable decline while prices fell sharply.
I HAVE VERY CRAZY NEWS FOR #XRP TODAY!!!!!!!!!!! pic.twitter.com/OXalJoiAFK
— STEPH IS CRYPTO (@Steph_iscrypto) October 13, 2025
Technical Signals Suggest Recovery Potential
Steph also revisited a bearish divergence that developed on XRP’s weekly Relative Strength Index (RSI) since late 2023. The pattern, where prices made higher highs while RSI formed lower highs, suggested weakening momentum and preceded the recent decline.
He noted a similar situation occurred between 2020 and 2021, leading to a steep fall followed by a strong rebound of about 170%. Based on that historical pattern, he believes another major recovery could be underway.
He compared XRP’s current position to its behavior during the 2021 bull run, when the price dropped precisely to the 50-week simple moving average before rallying. Steph pointed out that XRP once again touched this same level during the latest sell-off.
If the weekly candle closes above the moving average, he argued, the market could be positioned for a significant upside move.
XRP Key Levels to Watch for Confirmation
The analyst also discussed the importance of XRP’s reaction to the 0.618 Fibonacci retracement level, often seen as a critical support zone. He noted that the recent crash reached this level with near-perfect accuracy and believes this move may mark the end of the correction phase.
Steph identified $2.72 as a decisive resistance point. A sustained break above that level would confirm a shift toward bullish continuation. On the daily chart, XRP remains below the EMA ribbons. This means the market still carries residual bearish momentum.
However, he added that the daily RSI has now dipped into oversold territory, a condition that has historically signaled strong recovery phases for XRP. He cited past examples in 2022 and 2023 where similar RSI readings led to double-bottom formations and eventual rallies.
Steph concluded that “either the bottom is in or we are very close to the bottom,” suggesting that current holders could benefit from patience as momentum gradually rebuilds.
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 the opinion of the publication. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk.