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Is XRP oversold and about to rebound? Historical insights after RSI drops below 25
【Crypto World】XRP has experienced five consecutive declines and is showing obvious oversold conditions. Since reaching a high of $2.41 on January 6, this coin has been on a downward correction, and now the RSI indicator has fallen below the critical level of 25.
This signal is not simple. Looking back at the historical trends of 2023 and 2024, whenever XRP encounters such technical difficulties, it often experiences a significant rebound of 256% or even 857%—this is no coincidence.
More importantly, at the weekly chart level, the validation: XRP’s RSI has touched the moving average line, which is a typical bullish signal. This pattern has historically often foreshadowed strong upward movements.
The current price fluctuates between $1.77 and $2.41. If it can break through the resistance at $2.56, the next target is $3.50. For traders seeking rebound opportunities, this is a level worth watching closely.