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 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.
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Looking at the accompanying chart, the pattern is visible across both 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.
With the current monthly candle now trading within this price band following XRP’s pullback from 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.
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.