Is XRP’s Oversold Rebound Over? Are Retail Investors Getting Hooked Again?
Is XRP’s Oversold Rebound Over? Are Retail Investors Getting Hooked Again?
XRP (Ripple) rebounded to $1.45 even amid a market-wide “extreme fear” phase, drawing attention to how far a technical rebound driven by exhaustion from a sharp sell-off could extend.
According to cryptocurrency market data site CoinMarketCap on February 10 (local time), XRP rose 1.58% over the past 24 hours to $1.45, significantly outperforming Bitcoin (BTC), which remained near flat. CoinMarketCap explained that the move was driven more by a technical rebound from oversold conditions than by any clear single bullish catalyst.
As a key backdrop, the Relative Strength Index (RSI) fell to the 35–37 range, signaling what was described as a “historically low-level” oversold condition. In addition, spot trading volume surged 28.5% over 24 hours to $3.63 billion, and prices reclaimed the 7-day simple moving average (SMA) at $1.44 and the daily pivot at $1.42, reinforcing short-term buying interest.
However, CoinMarketCap characterized the rebound as a “relief rally within a downtrend.” To confirm short-term momentum, it highlighted whether trading volume can exceed the 7-day average and whether the Moving Average Convergence Divergence (MACD) histogram turns positive as key factors to watch. At the same time, narratives such as Ripple’s corporate valuation being discussed around $50 billion and expectations that the stablecoin RLUSD could boost future XRP demand have supported sentiment, but were seen as insufficient to serve as direct catalysts for an immediate price surge.
The short-term scenario hinges on whether support at $1.42 holds. CoinMarketCap noted that if XRP stays above $1.42, it is likely to test the $1.50–$1.53 resistance zone, with a breakout above $1.53—identified as the Fibonacci 0.382 level—potentially serving as a turning point for near-term sentiment. Conversely, if the $1.35 support level breaks, the risk of retesting recent lows could increase. With the CoinMarketCap Fear & Greed Index showing “extreme fear” at a reading of 10, volatility may also expand depending on major events such as the U.S. Consumer Price Index (CPI) release scheduled for February 13.
*Disclaimer: This article is for investment reference purposes only, and no responsibility is taken for any investment losses based on it. The content should be interpreted solely for informational purposes.*
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