XRP Shows Signs of a Technical Rebound… “Long-Term Bottom Possible”

XRP is flashing rebound signals across key technical indicators, raising the possibility that it is forming a long-term bottom.

According to Cointelegraph on the 30th (local time), XRP’s weekly Relative Strength Index (RSI) fell to 29 as of March 2, entering oversold territory. It has since recovered to around 34.

At the same time, the Moving Average Convergence Divergence (MACD) also dropped to an all-time low and now appears to be on the verge of forming a golden cross, a signal of a bullish reversal. Analysts note that past instances when RSI entered oversold territory and the MACD turned upward at the same time coincided with major bottoming phases for XRP.

In fact, in 2022 and in mid-2024, similar signals were followed by XRP price gains ranging from roughly 74% to as much as 230%.

With this indicator combination reappearing, markets are paying attention to the possibility that XRP is entering a long-term accumulation phase. Crypto asset (cryptocurrency) analyst Arthur said, “The weekly RSI has reached its lowest level in years,” adding that “in similar past periods, an accumulation phase began ahead of a strong rally.”

Analyst CryptoInsightuk also cited the case in which the RSI oversold reading in July 2022 served as an exact bottom, suggesting that a similar pattern could repeat this time.

XRP is also showing signs of stabilizing near the lower bound of a long-term range against Bitcoin. Analysts say the daily chart has recently begun posting higher highs, indicating buying interest emerging near the lows.

Still, holding key support levels is critical. XRP is currently forming support in the $1.27–$1.30 range, and if this zone holds, the uptrend could continue. If it breaks, however, additional downside toward the $1.15 area is also being discussed.

In particular, the $1.12–$1.15 zone is seen as a key line of defense, as the 200-week moving average is located there. If that level is lost as well, some forecasts say XRP could fall to around $0.80.