⬤ XRP is catching attention after a rare long-term technical signal appeared. The Stochastic RSI on the 3-week timeframe has dropped to 0.00—something that’s only happened once before in recent years. The previous occurrence lined up with the 2022 bear market bottom, marking a moment when downward momentum had completely exhausted itself and the market shifted into consolidation mode.
⬤ This reading shows selling pressure largely drying up rather than signaling an immediate price reversal. On such a high timeframe, the indicator only hits zero when bearish momentum has faded. Back in 2022, a similar signal kicked off a long accumulation phase before XRP eventually climbed higher, suggesting this pattern matters more for broader market structure than quick trades.
The current setup implies structurally limited downside risk, analysts noted, pointing to long-term holders absorbing supply instead of selling.
⬤ The chart shows XRP at a similar technical point to 2022, with the Stochastic RSI anchored at 0.00 again, indicating that bearish momentum has stalled on a macro level. While this doesn’t guarantee immediate gains, the recurrence of such a rare condition could shift sentiment among market participants watching for potential cycle lows.
⬤ This matters because XRP remains one of the largest and most closely tracked cryptocurrencies. The signal highlights a potential structural turning point that could influence how traders and investors approach positioning in the coming months.
Halaman ini mungkin berisi konten pihak ketiga, yang disediakan untuk tujuan informasi saja (bukan pernyataan/jaminan) dan tidak boleh dianggap sebagai dukungan terhadap pandangannya oleh Gate, atau sebagai nasihat keuangan atau profesional. Lihat Penafian untuk detailnya.
$XRP Stochastic RSI Drops to 0.00 on 3-Week Chart—First Time Since 2022 Bear Market Bottom
⬤ XRP is catching attention after a rare long-term technical signal appeared. The Stochastic RSI on the 3-week timeframe has dropped to 0.00—something that’s only happened once before in recent years. The previous occurrence lined up with the 2022 bear market bottom, marking a moment when downward momentum had completely exhausted itself and the market shifted into consolidation mode.
⬤ This reading shows selling pressure largely drying up rather than signaling an immediate price reversal. On such a high timeframe, the indicator only hits zero when bearish momentum has faded. Back in 2022, a similar signal kicked off a long accumulation phase before XRP eventually climbed higher, suggesting this pattern matters more for broader market structure than quick trades.
⬤ The chart shows XRP at a similar technical point to 2022, with the Stochastic RSI anchored at 0.00 again, indicating that bearish momentum has stalled on a macro level. While this doesn’t guarantee immediate gains, the recurrence of such a rare condition could shift sentiment among market participants watching for potential cycle lows.
⬤ This matters because XRP remains one of the largest and most closely tracked cryptocurrencies. The signal highlights a potential structural turning point that could influence how traders and investors approach positioning in the coming months.