Senior analysts say that the final countdown to XRP has started, as the schedule is due to the reversal of the prices.

In a modern update from X, the Steph Market Observer provided a detailed analysis of XRP holders, noting that the final countdown to the reflected price has started.

according to Steve, there are strong signals indicating how XRP can return to the upward trend. His analysis focused on the current situation of XRP regarding the SIMA medium tapes (EMA).

Merchants are widely used EMA strips to measure the ups of the upward or landfill market. When the price of XRP is lower than the strips, it indicates a landfill, and this is the case at the present time.

Steve stated that XRP has been circulated below EMA strips for 37 days since the beginning of February. He pointed out that the last time XRP was circulated below the tapes was in October 2024.

According to him, he spent 35 days in this descending area before breaking it over the tapes and raising a huge price march. During this time, XRP jump From about $ 0.50 to more than 3 dollars before the current correction begins.

Historical patterns that indicate the opposite of XRP

Moreover, Steve highlighted historical patterns, and compared the current market conditions with other cases when XRP decreased under the EMA strips. One of the examples was in April 2024.

He pointed out that XRP spent 90 days under the tapes before suffering from a rise in the price of 43 %. last A noticeable example It was in August 2023, when he spent the distinctive symbol 64 days under the tapes, only to rise by 47 % after penetration.

Accordingly, Steph suggests that the current market scenario is not different, with the presence of XRP on the verge of the similar collapse. He said that the worst XRP scenario is to spend 90 days under EMA strips.

Meanwhile, he stated that the moderate issue is 64 days. With a few occasions where XRP was traded below the tapes for 36 days, and now that it has already spent 37 days, Steve has caused optimism that XRP could be about to see a huge reflection.

The main price levels of viewing

The analyst has set a major XRP level for hacking to confirm a potential price reflection. According to Steph, if XRP collapses more than $ 2.35 with a daily closure, this may lead to a huge crowd.

It was estimated that the minimum gathering would be about 40 % based on previous movements. However, it hinted that the price may rise more.

The possibilities of short pressure

Another decisive point raised by Steve is the current financing rates of XRP. He pointed out that the financing rates are very negative, and many of them Traders shorten XRP.

This creates a lot of liquidity above us with very little below. The price usually targets liquidity, so the huge short pressure is likely to occur soon, “ He said.

Steve believes that a short pressure can accelerate the high prices, which strengthens the expected assembly.