XRP Monthly RSI Nears Oversold Zone as Analysts Map Path Through $1.20 to $2.20#CryptoNewss
$XRP
$XPL
$XNY
#Market_Update XRP's monthly relative strength index is drifting back toward levels that have historically coincided with long-term cycle bottoms, a technical signal drawing attention even as the token trades near $1.25 following a roughly 19% decline in October.#MarketAnalysis
The monthly RSI has dipped into oversold territory several times over the past 13 years, and each of those extremes lined up with a major turning point in the token's multi-year price cycle. The reading on the monthly chart is once again approaching that historic threshold, according to one widely followed crypto analyst. From a longer structural standpoint, XRP is still holding inside a broad upward channel that has contained its price action for years.#cryptouniverseofficial
That analyst, posting under the handle Carolina, also pointed to the shape of the recent decline: XRP has been sliding within a descending channel since August, and the current price area lines up with the ideal target zone for the final leg of that corrective phase. If a bottom is confirmed here, she expects the downtrend to unwind in stages, with projected waypoints at $1.20, then $1.40, $1.55 to $1.80, and eventually $2.20 once price breaks decisively out of the channel.
Her focus is on the expansion phase that would follow the correction rather than the day-to-day chop, and she said traders should wait for confirmed reversal signals instead of reacting to short-term panic. The analyst also flagged that XRP has been printing higher lows and repeatedly testing a horizontal resistance level overhead, a structure that could precede a directional breakout if volume picks up. She cautioned that until a breakout is confirmed, pullbacks and false breaks remain a risk. If the current zone proves to be a fresh cycle bottom, the longer-term upside targets she cited include all-time highs of $7 and $14.
$XRP
$XPL
$XNY
#Market_Update XRP's monthly relative strength index is drifting back toward levels that have historically coincided with long-term cycle bottoms, a technical signal drawing attention even as the token trades near $1.25 following a roughly 19% decline in October.#MarketAnalysis
The monthly RSI has dipped into oversold territory several times over the past 13 years, and each of those extremes lined up with a major turning point in the token's multi-year price cycle. The reading on the monthly chart is once again approaching that historic threshold, according to one widely followed crypto analyst. From a longer structural standpoint, XRP is still holding inside a broad upward channel that has contained its price action for years.#cryptouniverseofficial
That analyst, posting under the handle Carolina, also pointed to the shape of the recent decline: XRP has been sliding within a descending channel since August, and the current price area lines up with the ideal target zone for the final leg of that corrective phase. If a bottom is confirmed here, she expects the downtrend to unwind in stages, with projected waypoints at $1.20, then $1.40, $1.55 to $1.80, and eventually $2.20 once price breaks decisively out of the channel.
Her focus is on the expansion phase that would follow the correction rather than the day-to-day chop, and she said traders should wait for confirmed reversal signals instead of reacting to short-term panic. The analyst also flagged that XRP has been printing higher lows and repeatedly testing a horizontal resistance level overhead, a structure that could precede a directional breakout if volume picks up. She cautioned that until a breakout is confirmed, pullbacks and false breaks remain a risk. If the current zone proves to be a fresh cycle bottom, the longer-term upside targets she cited include all-time highs of $7 and $14.
