XRP Hits Its Lowest RSI on Record Will the Past 40% Surge Pattern Repeat?
XRP Hits Its Lowest RSI on Record Will the Past 40% Surge Pattern Repeat?
As XRP enters an unprecedented oversold zone in its history, it is drawing the attention of investors looking for a technical rebound, with a powerful price recovery scenario being proposed based on past cases.
According to cryptocurrency-focused outlet NewsBTC on February 8 (local time), XRP’s daily Relative Strength Index (RSI) fell to 20, marking the lowest level in the asset’s history. Crypto analyst Ripple Bull Winkle noted that whenever this indicator has reached such extreme oversold conditions, it has invariably been followed by a strong price rebound of between 15% and 40%. The analyst suggested that the current downturn indicates a peak in selling pressure and predicted that a full-fledged recovery could emerge within the next two weeks.
XRP recently suffered a sharp decline to around $1.40 after the key support level of $1.60 broke, triggering automated sell orders and stop-losses. Despite Ripple’s active efforts to expand its decentralized finance (DeFi) ecosystem, the market has been more sensitive to deteriorating on-chain metrics and technical breakdowns than to the company’s fundamentals. While there are concerns that a failure to reclaim $1.60 could deepen losses toward the psychological support level of $1.00, technical indicators instead point to an imminent rebound.
Analysts forecast that as XRP works off its current historically oversold condition, it is highly likely to rise into the $2.20 to $2.50 range by the end of February. The derivatives market also supports the rebound scenario, as open interest has edged up from $240 million to $263 million, signaling a renewed inflow of speculative demand. In a market dominated by fear, smart money is cautiously building positions, viewing this zone as a long-term value investment opportunity.
From a macro perspective, XRP is forming a monthly chart structure similar to the period just before its explosive rally in 2017. As a prolonged price compression phase comes to an end alongside historical oversold signals, the market views the current correction as the final shakeout before entering a major bullish cycle. If a rotation of capital from Bitcoin (BTC) into altcoins is detected as Bitcoin’s dominance wavers, XRP could potentially outperform even Ethereum (ETH).
Ultimately, XRP is preparing for a phase of value reappraisal through a powerful spring effect, overcoming downside pressure that has reached its technical limits. Current price levels indicate that selling pressure has been fully exhausted from a technical analysis standpoint, and whether XRP can establish itself above $1.60 will be the key variable in confirming a long-term upward trend. Investors are closely watching for a shift in market direction, focusing less on short-term price noise and more on the reliability of historically high-probability oversold indicators.
Disclaimer: This article is for investment reference purposes only, and no responsibility is assumed for investment losses based on it. The content should be interpreted solely for informational purposes.
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