XRP Stoch RSI Drops to 0.0 for Second Time in Hist

XRP has had a bearish three months since October, having collapsed 35% in the fourth quarter of this year, contributing to an annual drop of 10.39%. With this downtrend, XRP is now on track to record its first yearly loss since the 2022 bear market, when it crashed 59.13%.

XRP Flashes Rare Signal Amid Downtrend

However, amid the ongoing bearish price action, with XRP relinquishing the crucial $2 psychological support, analyst Steph (@Steph_iscrypto) recently called attention to an interesting event on the 3-week chart, which provides insight into how deep the downtrend has gone.