Altcoins News
By James Thorp
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Crypto analyst Steph Is Crypto dropped a bomb yesterday. The popular Twitter voice warned that XRP's wild parabolic run is basically done, posting charts that show the token…
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XRP's been on fire lately, rocketing from thirty cents to over fifty in just weeks. That's the kind of move that gets traders excited and probably a bit too greedy.
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Some analysts think XRP's got more gas in the tank, especially with all the Ripple-SEC legal drama still playing out.
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Trading volume's been massive, with both retail folks and big money piling in. March 4 saw XRP volume blast past one billion dollars in twenty-four hours, according to…
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Jason Pizzino, another crypto voice, thinks XRP could hit seventy cents if it breaks fifty-five. That's a big if though.
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The broader market isn't helping much either. Bitcoin's been bouncing around forty-five thousand, and when Bitcoin moves, everything else usually follows.
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Ripple's leadership has been dead silent through all this. CEO Brad Garlinghouse hasn't tweeted about the price action, and CTO David Schwartz is keeping quiet too.
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Crypto Tony, a prominent trader, isn't convinced this rally has legs. He posted on Twitter that while the gains look impressive, there's not much real news driving them beyond…
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The technical picture is getting messy. RSI readings are deep in overbought territory, which historically means trouble.
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And the timing's weird too. March typically isn't a strong month for crypto, and we're heading into what's usually a rough period for risk assets.
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What makes this even trickier is that XRP's fundamentals haven't really changed. Ripple's still fighting the SEC, adoption metrics aren't showing huge improvements, and the…
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Market makers and whales have been active too, with large transactions showing up on blockchain explorers throughout the week.
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The options market is pricing in major volatility over the next few weeks, with both calls and puts seeing heavy volume.
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Steph Is Crypto's warning comes at a critical time. The analyst's track record on XRP calls has been pretty solid, making this prediction hard to ignore.
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For now, fifty-five cents remains the line in the sand. Break above and the bulls might have more room to run. Fail there and we could see a fast trip back to forty cents or lower.
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