XRP Price Has Just Reached Most Oversold Level In History And This Analyst Is Predicting A Bounce
The XRP price has hit oversold levels, marking its lowest readings in historical past. A crypto analyst has reported that every time XRP has reached these ranges, a worth bounce has adopted. Based on this, he believes that XRP might be on the verge of another major rebound, projecting a possible rally above $2.
XRP Price Sinks To Oversold Levels Ahead Of Rebound
A crypto market analyst generally known as ‘Ripple Bull Winkle’ on X has outlined a short-term bullish outlook for XRP. Despite persistently breaking key support levels and now buying and selling round $1.4, the analyst argues that XRP could also be positioning itself for a substantial recovery that might finally push its worth again above $2.
The foundation for Ripple Bull Winkle’s optimism stems from a recurring historic sample that, in his view, has by no means failed to supply a bounce within the XRP worth. Specifically, the analyst highlights a repeating Relative Strength Index (RSI) sample. He introduced that XRP not too long ago reached an RSI of 20 on the every day chart, marking essentially the most oversold studying in its historical past.
According to the analyst, each time XRP has entered equally excessive oversold territory, a worth bounce of roughly 15-40% has all the time adopted. He mentioned such rebounds sometimes happen inside two weeks of reaching these ranges. He additionally emphasised that this restoration has not occurred sometimes however persistently, reinforcing his confidence that XRP is more likely to comply with the identical sample and bounce once more.
If all the pieces performs out as anticipated, Ripple Bull Winkle initiatives that XRP might see a reduction bounce to $2.20-$2.50 earlier than the tip of February 2026. He famous {that a} rally to this bullish goal is the highest-probability occasion the market has had this 12 months.
Analyst Shares Multiple Resistance Targets For XRP
Looking at Ripple Bull Winkle’s accompanying worth chart, he has marked a number of key resistance zones utilizing crimson horizontal traces, indicating areas the place XRP might encounter selling pressure or wrestle to advance. These ranges vary from roughly $1.8-$1.91 to $2.06-$2.19, adopted by $2.29-$2.41, $2.67-$2.78, and the next resistance band close to $3.10-$3.18.
Collectively, these ranges function each potential limitations that might gradual worth motion and upside targets that XRP is predicted to succeed in. The upward-pointing blue arrows within the chart additionally sign the analyst’s expectation of a bullish breakout or a sustained rally towards the stacked resistance ranges if XRP builds sufficient momentum.
As of writing, XRP seems to be recovering from its recent downtrend. Its worth has rebounded by greater than 10% over the previous 24 hours and is at present buying and selling above $1.4 after briefly dipping below $1.3, in line with CoinMarketCap.