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- Analyst Steph suggests XRP may have hit its lowest point, citing bullish divergence in RSI despite ongoing price drops.
- Historical patterns indicate XRP could hold above $1.89, with market watchers speculating on a potential long-term rally.
Crypto market analyst, Steph, suggests that XRP might have already bottomed out. Analyst insights come as XRP battles a downturn that began in February 2025, triggered by a larger market crash fueled by macroeconomic turmoil and a significant dip in U.S. stock markets.
Despite the decline, analyst believes is a strong sign of an upcoming price reversal. He highlights a bullish divergence on XRP’s daily chart, a pattern that suggests the selling pressure may be fading. This divergence occurred between February 29 and March 11, hinting that the crypto asset may not dip any further.
A bullish divergence occurs when an asset’s price hits new lows while an indicator like the Relative Strength Index (RSI) shows higher lows, signaling waning downward momentum. According to Steph’s chart, XRP hit $1.95 on February 29, rebounded slightly following an announcement from President Donald Trump, but later corrected to a lower low of $1.89 on March 11.
Indicators Point to a Potential XRP Price Floor
Interestingly, XRP’s RSI did not follow the price action in a straightforward manner. On February 29, when XRP reached $1.95, its RSI dropped to 33.54. However, despite XRP falling further to $1.89 on March 11, the RSI climbed to 43.47, suggesting that downward momentum might be losing strength.
Steph sees historical similarities in XRP’s behavior. He points to June 2022, when the cryptocurrency showed a similar bullish divergence during the bear market. At that time, XRP bottomed out at $0.28 while the RSI showed strengthening momentum. Though it took months before XRP saw a significant rise, its price never fell below that level again.
If the current trend mirrors 2022, Steph believes XRP may have set a firm floor at $1.89. This doesn’t necessarily mean an immediate explosive rally, but it strengthens the argument that the asset is declining. Investors now speculate whether history will repeat itself, paving the way for a massive surge.
XRP’s Valuation Soars, Surpassing Ethereum’s FDV
In another major development, XRP’s fully diluted valuation (FDV) has overtaken Ethereum’s, a milestone that signals a significant shift in market dynamics. As of March 14, XRP’s FDV stood at nearly $235 billion, surpassing Ether’s by more than $1 billion, based on CoinGecko data.
This shift reflects a growing wave of interest in XRP Ledger’s decentralized finance (DeFi) ecosystem, while Ethereum faces mounting competition from other layer-1 blockchains like Solana. However, Ethereum still maintains a lead in market capitalization, standing at $233 billion compared to XRP’s $136 billion.
FDV represents the total value of all existing tokens, whereas market capitalization accounts only for those already circulating. With Ripple Labs holding a multibillion-dollar allocation of XRP, the coin’s overall valuation gains added weight. The question now is whether this trend will continue, or if Ethereum will reclaim its dominance.
Is a $30 XRP Surge Possible?
Speculation is mounting about XRP’s potential to explode past previous highs. While analysts remain cautious about short-term expectations, historical data suggests that sustained bullish divergence often precedes major price runs. If XRP holds above its $1.89 floor, traders believe the asset could stage an extended rally.
With XRP gaining momentum and its FDV outpacing Ethereum’s, the cryptocurrency appears to be in a strong position. Whether or not it reaches the ambitious $30 target remains uncertain, but the signs of a significant market shift are growing stronger.
