Crypto researcher Cryptollica has highlighted what he believes is a potential inflection point for XRP, citing the asset’s deepest oversold condition in its 13-year trading history. According to the analyst, this technical setup could precede another major price advance for the cryptocurrency.
In a tweet, Cryptollica emphasized that previous XRP bull cycles consistently followed periods of extreme Relative Strength Index (RSI) exhaustion. He suggested that the current environment could signal a similar opportunity, marking the first time in over a decade that XRP has reached such an oversold state. The accompanying chart illustrates XRP’s historical performance alongside its RSI, highlighting a potential bullish reversal.
RSI Shows Unprecedented Oversold Conditions
Cryptollica shared a long-term XRP/USD chart showing the RSI near the 34 level, which he described as an “all-time low oversold level in 13 years.” The chart also depicts an upward-sloping support line, indicating a historical level where buyers have previously stepped in.
According to the analyst, each major rally in XRP’s history began after the RSI reached extreme oversold levels. In the current cycle, he notes that XRP’s technical setup is even more pronounced than prior cycles, suggesting the potential for a stronger bullish move. Cryptollica captioned the chart with: “XRP TO DOUBLE DIGITS,” implying that prices could eventually reach above $10 if historical patterns repeat.
Chart Highlights Long-Term Support Zone
The chart shared by Cryptollica illustrates XRP trading within a long-term upward channel. While the RSI is at the lower boundary, projected price channels point toward higher potential levels, indicating a favorable risk-reward scenario for long-term investors. The analyst believes the current decline may be a final stage before a reversal rather than the beginning of an extended downtrend.
This technical setup draws attention to a crucial support zone that could determine whether the cryptocurrency regains momentum or continues a period of consolidation. If buyers step in at these levels, XRP could begin a meaningful recovery, potentially leading to a sustained bull run.
Community Responses Highlight Divergent Opinions
Reaction to Cryptollica’s analysis has been mixed within the crypto community.
- Skeptical View: User Virachocha argued that macroeconomic factors outweigh technical indicators, suggesting XRP could decline into the $0.70–$0.80 range or even $0.50–$0.60 under bearish conditions.
- Bullish Support: Conversely, user Welkin expressed agreement with Cryptollica, noting that overlooked technical setups often lead to significant gains. The comment reflects optimism that XRP may experience a strong rebound if historical RSI behavior repeats.
The contrasting views highlight the uncertainty among investors regarding whether XRP is on the verge of another rally or facing further downside before any sustained recovery emerges.
Related article: XRP Price Analysis: Key Levels to Watch After $1.00 Support Holds
Long-Term Outlook Remains Closely Watched
Despite differing opinions, Cryptollica’s analysis underscores a critical technical factor for XRP’s long-term trajectory. Market participants will be closely monitoring the $1.00 psychological support level, the RSI readings, and the long-term upward channel for clues on potential price action.
As institutional interest and adoption in the XRP ecosystem continue, the technical landscape could intersect with broader market developments, influencing whether the cryptocurrency can capitalize on its historically oversold conditions.
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Source:: XRP May Enter Major Bull Phase as RSI Hits 13-Year Low: Here’s What Analyst Has to Say