XRP Hits Deep RSI Lows — Is a Mega Rebound Brewing?
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XRP Shows Rare RSI Signal Suggesting Potential Accumulation Phase
Market analyst DavidTheBuilder notes a rare signal for XRP that at $1.42 per CoinCodex data, its weekly and monthly RSI has dropped below levels seen during the 2020 crypto bottom, a highly unusual occurrence in digital assets.
Well, the RSI measures buying and selling momentum, with extreme lows often signaling exhausted selling and potential rebounds.
In 2020, XRP showed similar readings before a major rally. Presently, XRP has climbed to a five-week sentiment high, defying the bearish trend affecting Bitcoin and Ethereum.
What’s the key takeaway? Well, weekly and monthly RSI lows point to seller exhaustion and a possible accumulation base.
On the other hand, XRP’s steady $1.46–$1.50 range indicates supply is being absorbed, while resistance near $1.54 and support at $1.37 and $1.41 outline the immediate framework for short-term price action.
XRP Shows Early Signs of Accumulation Amid Market Divergence
Short-term price action remains cautious, but the broader structure suggests accumulation over further decline.
DavidTheBuilder notes that RSI lows near stable support often signal early market bottoms, drawing patient buyers and institutions. XRP, forming higher lows, indicates renewed bullish momentum and a potential recovery in progress.
Notably, XRP is diverging from the broader crypto market, where Bitcoin and Ethereum face consolidation and mixed sentiment. Such divergence often highlights assets with stronger short-term narratives, attracting trader attention.
Technically, XRP shows signs of a potential turning point: historically low RSI levels, stable prices, and well-defined support zones suggest renewed accumulation could be underway. Past patterns, including the 2020 rebound, indicate these conditions can precede notable recoveries, making XRP a key asset to watch.
Conclusion
XRP’s historic RSI lows, paired with stable support and defined resistance, indicate a potential shift from selling to strategic accumulation.
While short-term moves remain cautious, the setup mirrors patterns that often precede major recoveries, presenting a rare opportunity for attentive traders and investors.
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