Analyst Steph Is Crypto released a chart of XRP highlighting recurring bullish phases for the digital asset.
XRP Chart Analysis
The chart published by Steph presents a three-day price movement range for XRP, with shaded areas indicating previous price cycle movements. According to the analyst, 'We just entered the “easy” phase for all #XRP holders.'
XRP Technical Picture
The chart shows XRP's price action against USDT, with green areas marking periods of accelerated growth. Each marked cycle indicates XRP entering a stage of relative stability before a sharp advance, suggesting that the current position may mirror the beginnings of earlier rallies.
Outlook for XRP
The technical structure suggests XRP is entering a stage where sustained upward movement becomes more probable. Previous cycles show notable and swift rises, indicating that XRP may be poised for another expansion phase, possibly challenging previous resistance levels.
The XRP chart emphasizes the cyclic nature and growth prospects of the asset, raising the question of whether the token can maintain momentum through the identified 'easy' phase.
