XRP’s SRSI Crossover Sparks Flashbacks of 20x Rally and 90% Crash

By: cryptofrontnews|2025/05/02 23:45:01
0
Share
copy
XRP’s SRSI crossed above 80, repeating a pattern seen before its past 20x rally and 90% crash.Analyst JD plans to release a market top and crash target using his proven “pink box” method.XRP holds $2.20 support as traders await a breakout above $2.2652 toward the $2.31 target.XRP is attracting renewed focus after its Stochastic RSI (SRSI) crossed above 80. This technical event resembles the same pattern that came before XRP’s 20x surge in a past cycle. The crossover is being closely watched, as traders recall the steep rally and subsequent sharp correction that followed.SRSI Cross Draws Attention as Pattern RepeatsAccording to an observation by analyst JD on X, XRP's SRSI has now crossed the 80 mark. He noted that the last time this occurred, the asset recorded a 20x increase within three months. However, that rally was followed by a severe 90% correction, marking both upside potential and risk.https://twitter.com/jaydee_757/status/1918093043217121408The Stochastic RSI is used to track momentum shifts, and a move above 80 usually signals increasing buying strength. Traders use it to identify early signs of price expansion. While this crossover does not guarantee the same outcome, it aligns closely with the chart structure seen before XRP’s previous bull run.JD confirmed he will soon release his official market top call. He will also publish a crash target using his “pink box” system, which he used when predicting XRP’s drop to $0.28. That forecast was accurate, according to historical market data.Price Holds Key Support as Traders Await BreakoutXRP is currently trading around $2.23 after holding above the $2.20 support area for several sessions. This level has become a key area of interest for traders, as price action continues to consolidate in a narrow range. Source :The Cryptomist(X)Resistance has formed around $2.2652, with targets near $2.31 if a breakout occurs. According to analysis prepared by market analysts, XRP’s short-term structure remains bullish across hourly, 4-hour, and daily timeframes. Buyers have consistently defended support at $2.15 and $2.20, while trading volume has started to rise slightly. Most indicators point to momentum building, though volume confirmation is still awaited.The post XRP’s SRSI Crossover Sparks Flashbacks of 20x Rally and 90% Crash appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

You may also like

How has Binance's stock business performed in the 30 days since its launch?

Emerging market buying supported the first wave of demand.

WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!

Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...

July 6 Market Important Events Overview

Can Open USD support Stripe's ambitions?

Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."

Blockchain Capital Partner: AI is rewriting the fundamental unit of labor

The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.

The cryptocurrency industry has become a traditional industry

For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com