Steph Is Crypto (@Steph_iscrypto), a well-known crypto analyst and XRP supporter on X, recently shared a video revealing the reason for XRP’s decline over the past 24 hours. In the post, he addressed this pullback, framing it as a short-term development within a broader uptrend.
His analysis suggested that while downside levels should be monitored, the overall trend remains positive.
THIS IS WHY #XRP DUMPED! (watch within 24 hours) pic.twitter.com/idUlueKj8A
— STEPH IS CRYPTO (@Steph_iscrypto) September 14, 2025
XRP’s Recent Pullback
The video centered on recent chart behavior. He pointed out that XRP had broken out from a falling wedge pattern a few days ago, and initially moved higher, regaining the $3.1 level and showing signs of a continued climb.
However, it has since encountered some resistance. On lower time frames, the token has been retreating, prompting questions about whether this downturn signals deeper weakness or a temporary correction.
Support Levels in Focus
The analyst applied a Fibonacci retracement to the latest upward move that began from the lowest point on September 1. From this perspective, key support levels emerge at $2.98, $2.93, and the stronger $2.87 zone, which he described as the golden ratio. According to him, these areas represent important markers for traders considering entries in line with the prevailing trend.
He argued that this pullback may offer opportunities rather than concern. “This could be a very interesting area to potentially open up new long positions,” he explained, linking short-term weakness to the potential for renewed upside now that the asset’s consolidation phase is over.
Upside Targets Remain Intact
Steph positioned the correction as a healthy part of market structure rather than a sign of trend reversal. Despite the immediate pullback, the analyst highlighted that the technical price target following the wedge breakout sits around $3.64, just below the recent peak of $3.65.
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He described this as a gain of more than 20% from current levels. Beyond that, he noted the next targets at $4, $4.5, $4.6, and potentially $5, while stressing the importance of approaching each step sequentially.
He further pointed to the daily EMA ribbons, noting that XRP continues to trade above them. This, in his view, shows that “the trend is still up” despite short-term corrections. The daily RSI, he added, does not yet show bearish divergence, reinforcing the argument for continuation higher.
He noted bearish divergence on XRP’s weekly chart, signaling a possible correction in a few months. Still, he framed the weekend dip as minor. From a risk-to-reward perspective, he concluded that the downside appears limited compared to the “absolutely massive” potential upside.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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