Expert Analyst Suggests XRP May Have Bottomed, Eyes Ambitious $30 Target
A prominent crypto market analyst has recently presented compelling evidence suggesting that XRP may have already reached its bottom, setting the stage for a potential long-term rally.
The analysis emerges amid XRP’s ongoing price decline, which has persisted since February 2025. This sustained downturn has been largely driven by broader market volatility, fueled by macroeconomic uncertainties and a significant correction in U.S. stock markets.
However, despite the bearish momentum, crypto analyst Steph (@Steph_iscrypto) highlights key technical signals indicating that XRP might have found its floor and could now be positioning for a reversal.
Bullish Divergence Points to Reversal Potential
Steph draws attention to a notable bullish divergence on XRP’s daily chart, observed between February 28 and March 11. For those unfamiliar, a bullish divergence occurs when an asset’s price posts lower lows while a key momentum indicator, such as the Relative Strength Index (RSI), forms higher lows—typically signaling weakening selling pressure and a possible trend reversal.
According to Steph’s analysis, XRP dropped to a local low of $1.94 on February 28, followed by a brief recovery influenced by President Donald Trump’s strategic reserve announcement. However, XRP later declined again, forming a slightly lower low at $1.89 on March 11.
Interestingly, while XRP made these new lows, the RSI displayed a different pattern. When XRP hit $1.94, the RSI stood at 32.72, but during the subsequent dip to $1.89, the RSI showed a higher low of 43.34. This divergence between price action and RSI is widely interpreted as a precursor to a market shift.
Has XRP Reached Its Bottom?
Steph argues that this bullish divergence signals a potential bottom for XRP, suggesting that the ongoing correction may not drive prices below the $1.89 level established on March 11.
Supporting his view, Steph references XRP’s historical market behavior, noting a similar bullish divergence during the 2022 bear market. At that time, XRP fell to $0.28 in June 2022, while RSI marked a higher low—setting the stage for a sustained recovery. Notably, despite months of consolidation, XRP never dropped below the $0.28 level, underscoring the strength of such divergence signals.
Steph believes a similar pattern may be unfolding now, with $1.89 potentially serving as the solid floor for XRP’s current cycle.
Path to a $30 XRP: A Long-Term Perspective
In addition to identifying the potential bottom, Steph has also outlined a bullish long-term outlook, projecting a price target of $30 based on macro chart formations.
The analyst points to a double bottom pattern on the monthly chart, a structure known for signaling major trend reversals. According to Steph, the first bottom formed during XRP’s plunge to $0.1140 in March 2020, while the second bottom occurred when XRP hit $0.2870 in June 2022.
The neckline of this double bottom sits around $1.96 (approximately $2), aligning with XRP’s April 2021 high. Notably, XRP broke above this neckline in December 2024, and successfully held above it in January 2025, signaling a potential confirmation of the pattern.
However, amid the current correction, XRP is now retesting this critical breakout zone. Steph emphasizes that if XRP maintains support above this $2 neckline, the pathway to $30 becomes increasingly viable.
Conclusion
While XRP remains under pressure in the short term, technical signals such as bullish divergence and long-term chart formations suggest that the asset may have established a firm bottom at $1.89. If these patterns hold, XRP could be on the verge of a significant bullish breakout, potentially heading toward the ambitious $30 price target in the coming months or years.
As always, investors are advised to conduct their own research and exercise caution when navigating the volatile crypto markets.
