This market is really incredible 😵

Looking at XRP's historical performance, there's an interesting pattern: whenever the price drops below the 50-week simple moving average, if it stays at this level for about 50-84 days, it often experiences a strong rebound. The data is as follows:

In the 2017 cycle, XRP stayed at a low level for 70 days and then surged by 211%; in 2021, it was below the average for 49 days before rising 70%; last year in 2024, it was even more intense, remaining below for a full 84 days before a sudden 850% surge.

What is the situation now? XRP has been below the 50-week moving average for exactly 70 days. This timing aligns with the historical pattern, indicating that we might be at a critical turning point—the end of the decline and the start of an upward cycle.

Of course, historical patterns are just a reference; the actual trend still depends on the real buying and selling forces in the market. But this data pattern is definitely worth paying attention to.