A significant XRP price increase is expected soon.

Upcoming XRP Bounce

A respected market analyst, Steph Is Crypto, predicts an imminent “big XRP bounce” based on technical analysis. The prediction, shared on X, has garnered attention within the crypto community due to its timing and detailed chart. This forecast is sparking debate about a potential significant move for XRP, following a period of consolidation.

Technical Indicators and Price Action

Steph's analysis indicates XRP is consolidating within a defined structure, forming an ascending triangle pattern. Tightening Bollinger Bands and converging moving averages further suggest reduced volatility and weakening downward momentum. XRP has stabilized between $2.85 and $3.05, creating a period of calm potentially preceding a significant move.

Sentiment and Future Outlook

Interestingly, retail sentiment around XRP has turned bearish, which often precedes price rebounds. Institutional accumulation, however, suggests a cautious but steady trend. Key levels to watch are $3.10 resistance and $2.60 support, and a broader market recovery in Bitcoin is also supporting the setup for a bullish XRP reversal.