Crypto analyst STEPH IS CRYPTO recently issued a warning to XRP holders about the importance of recognizing profit-taking moments, as many may overlook these opportunities.
The Altcoin Season Index: A Reliable Market Tool
The Altcoin Season Index tracks the relative performance of the top 50 altcoins against Bitcoin over a 90-day period. A score below 25 indicates a favorable time to accumulate altcoins, while a reading above 75 signals altcoin mania peaks. The analyst has pointed out that this index has historically indicated market tops in previous cycles, particularly from 2020 to 2022.
Current XRP Price and Market Predictions
At the time of this report, XRP is trading at $3.18, reflecting a slight decline of 0.12% over the past 24 hours. The price has been consolidating just below strong resistance in the $3.60–$3.75 range, possibly indicating either further upside or a correction. Several bullish patterns are present on the chart, including a golden cross and continuation formations.
Macro Factors and Institutional Investor Behavior
XRP's rally is supported by institutional participation, with open interest across derivatives markets climbing to over $10 billion. Recent regulatory clarity in the U.S. is also improving sentiment towards large-cap altcoins like XRP. However, there are signs of a shift in market dominance, as Bitcoin has reclaimed over 60% of the total cryptocurrency market.
Experts advise XRP holders to closely monitor the Altcoin Season Index, which may signal the need for selling. Effective timing on exits can help avoid potential losses in the future.
