Market Analyst Warns: Avoid Buying XRP for Now

Crypto market strategist $XRP Steph Is Crypto (@Steph_iscrypto) has issued a strong caution to investors, indicating that XRP might be heading toward another major downturn if a critical technical condition continues to hold.

The focus of his warning is the 200-week simple moving average (SMA), a long-term metric that has historically signaled major trend shifts for XRP.

Technical Red Flag

In a recent video update, Steph highlighted the importance of XRP’s position relative to the 200-week SMA. He advised, “Avoid buying XRP if we see multiple weekly closes below the 200-week simple moving average,” pointing to the blue line on the chart that tracks long-term price trends.

He referenced past instances where similar patterns preceded steep declines. In 2018, XRP fell below the 200-week SMA for two consecutive weeks, triggering a sharp bear market that wiped out around 81% of its value. A similar pattern occurred in 2021, leading to a 66% drop in price.

Currently, XRP has again slipped below this key level. Steph warns that if it remains under the 200-week SMA for several weeks, a repeat of these historic downturns could be on the horizon