Crypto analyst Austin is making a bold call on XRP’s price action, suggesting the cryptocurrency could be on the verge of a historic event if his thesis plays out. �
TradingView
Following a recent drop below $1.40 earlier this week, Austin believes XRP may be setting up for a major shift in trend. According to him, this move could finally bring an end to XRP’s extended corrective phase and potentially launch the token into price discovery territory — where there are no prior resistance levels to cap gains. �
TradingView
📊 Historic Monthly Close Could Be a Trigger
The key point in Austin’s analysis centers on a unique technical milestone:
He claims that if XRP records a monthly candle close inside the $1.20–$1.60 price range, it would be the first time in the coin’s history that this has happened. Previously, XRP’s monthly candles have cut through this price zone quickly — failing to close there — which implies a lack of meaningful price structure or support historically. �
TradingView
This kind of closure could signal that the market is finally building a legitimate base in a historically inefficient price zone — a setup many traders across markets view as a potential springboard for larger moves. �
TradingView
📈 Technical Momentum: SRSI Levels Deep in Oversold Territory
Alongside the monthly price target, Austin points to a technical indicator — the Stochastic Relative Strength Index (SRSI) — which recently hit a very low reading. According to his report, XRP’s SRSI has dropped to levels not seen since 2022, a period which coincided with major price lows and subsequent rallies in past cycles. �
TradingView
He notes that when the SRSI reached similarly depressed levels in 2024, it marked a significant bottom before XRP launched into a strong uptrend. With the indicator now near those same lows again, he asks whether history could repeat itself — or even exceed previous outcomes. �
TradingView
🔍 What This Means for Traders
If Austin’s thesis is right, breaking out of this corrective phase and establishing a strong monthly close in this key price range could serve as a technical catalyst — possibly sparking broader interest and volatility. While analysts are quick to warn that nothing is guaranteed in crypto markets, many traders look for such structural breakthroughs as early signs of bigger price trends. �
TradingView
⚠️ Important Reminder
This article is market analysis, not financial advice. Crypto assets like XRP are highly volatile, and price movements can be unpredictable. Always do your own research and consider your risk tolerance before investing.
