The article suggests that xrp might achieve a historic monthly candle close within a specific price range ($1.20-$1.60) that has never been established as support or resistance before. this could lead to 'price discovery' and a potential parabolic move if confirmed.
The article cites an analyst named austin and references an x post, along with a chart. while the analysis is specific, the trustworthiness relies heavily on this single analyst's interpretation and past predictions. the 'reason to trust' section in the article pertains to the source's editorial standards, not directly to the analyst's claim.
The analyst's core argument is that a successful monthly close within the $1.20-$1.60 range, which has historically been a 'vacuum' area, would signify the filling of an inefficiency gap and could lead to a significant breakout into price discovery, potentially a parabolic move.
The immediate focus is on the current monthly candle close. if this historical event occurs, the potential price discovery and parabolic move could play out over the short to medium term.
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Austin is making a bold claim about XRP’s latest price action, and if he is right, the cryptocurrency could make history. Following a decline below $1.4 earlier this week, Austin believes XRP is now setting the stage for a move that could change its price trajectory, potentially ending its ongoing corrective phase and triggering a breakout into price discovery mode. In a recent X post, Austin sounded the alarm on a potentially landmark moment for XRP, one that has never occurred in the cryptocurrency’s history. The analyst stated that XRP may be on the verge of recording its first-ever monthly candle close within the critical $1.20 to $1.60 price range. Why XRP’s Next Move Could Make History According to Austin, every time XRP has traded through this price zone, monthly candles have sliced through it without closing inside, suggesting no meaningful price structure was ever established there. Related Reading: This Is Not The First Time XRP Has Crashed 69%, Here’s What Happened Last Time Looking at the accompanying chart, the pattern is visible across both the 2018 peak and the 2021 bull run . At the time, XRP briefly entered this key range, only for the candles to either close above or below it during the same monthly period. The analyst highlighted that the $1.20 to $1.60 zone never developed into a base of support or resistance despite price slicing through it on multiple occasions. As a result, the area was riddled with unfilled gaps and unresolved price action. Source: Chart from Austin on X With the current monthly candle now trading within this price band following XRP’s pullback from its 2025 highs above $3 , Austin argues that the market may be in the process of filling “the final inefficiency gap” inside its macro range. Rather than viewing XRP’s price correction as a weakness , the analyst said the market is building the final base that has been absent throughout the cryptocurrency’s history. If XRP can hold current levels and close the monthly candle within this band, Austin predicts that the cryptocurrency could eventually “break out into a full price discovery.” Notably, he highlighted in a previous analysis that price always revisits and balances inefficiency gaps. He added that once that gap is filled, a price expansion automatically begins. XRP Could Be Preparing For A Parabolic Move In a more recent technical analysis, Austin revealed that XRP’s monthly Stochastic Relative Strength Index (SRSI) has been completely floored. The chart shows that the metric has declined from a peak of around 80 in 2025 to its current reading of 9.34. Related Reading Analyst Wans XRP Price Could Crash Below $1 If Bitcoin Reaches This Level 2 weeks ago According to the analyst, the last time XRP reached this level was in 2022, which coincided with a bear market bottom . He further noted that when the cryptocurrency approached this level again in 2024, it marked a major price low before staging a parabolic move to new highs. With XRP’s SRSI now at the same depressed level, Austin questions whether price action will follow historical trends or if this time will prove different. XRP trading at $1.44 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com