Just watched Steph Is Crypto break down something pretty important about XRP's technical setup. He's basically saying don't buy right now if we keep seeing weekly closes below the 200-week moving average. According to his analysis, this has happened before and it didn't end well.

Looking back at the pattern, when XRP dipped below this level in 2018, it crashed about 81%. Then again in 2021, another 66% drop followed. Steph Is Crypto is pointing out that we're seeing this signal pop up again, which is why he's cautious. If history repeats with current prices around $1.34, we're talking potential downside to like $0.25 or $0.45 range depending on which scenario plays out.

That said, there's some short-term momentum working in XRP's favor right now. It's up over 1% in the last day, so there are still buyers showing up. Steph Is Crypto emphasizes watching those weekly closes closely because if XRP breaks above that 200-week line again, the whole bearish thesis could flip. Basically, monitor the next few weeks before making any moves. Technical levels can shift fast, so it's not a done deal either way.