XRP Price Stabilizes as Oversold Conditions Signal Potential Rebound

After weeks of relentless selling pressure, XRP’s downward spiral appears to have halted, suggesting a possible short-term recovery phase. The cryptocurrency’s price has stabilized between $2.30 and $2.40, a critical range that could mark the beginning of a broader reversal. Technical indicators and market structure show that sellers may be losing momentum, with buying interest gradually returning to the market.

Recently, XRP dropped below its 200-day moving average for the first time in months, triggering widespread panic across the crypto community. The decline was largely driven by the broader market selloff. However, the swift rebound that followed indicates strong demand at lower price levels. Daily trading candles show increasing volume on green bars and shorter lower wicks—classic signs that selling pressure is easing. Additionally, the Relative Strength Index (RSI) is currently at 37, signaling an oversold condition. Historically, XRP has seen significant rebounds whenever the RSI drops below 40, hinting that a similar short-term rally could be forming.

The $2.25 level now serves as strong local support, while resistance lies between $2.60 and $2.65. A breakout above this zone could confirm a short-term bullish shift, potentially pushing XRP toward the $2.80–$2.90 range. Conversely, failure to hold current levels might reopen the path to $2.00.

In summary, XRP’s recent stabilization points to a shift in market sentiment. With sellers exhausted and buyers stepping back in, the asset could be gearing up for a rebound. While overall market caution persists, these technical signals suggest that XRP may soon begin a recovery phase driven by renewed investor confidence and improving momentum.