XRP Technical Analysis
The $1.20 price level saw a brief rebound in February but failed to maintain a stable closing price thereafter. Given the current trend, the likelihood of testing this level again is increasing.
This suggests that XRP may face further downside before any mean reversion rebound occurs. Buyers need to reclaim at least the $1.60 level, where the channel's upper boundary intersects with the 100-day moving average, to build a credible case for a rebound. Below $1.20, the next significant support level is at $1.00, with almost no structural support in between.
XRP Underperforms Against Bitcoin
The 100-day moving average is around 2,100 sat, while the 200-day moving average is at 2,200 sat, both significantly above the current price. Since peaking near 3,000 sat in August 2025, XRP has remained within a descending channel.
The Relative Strength Index (RSI) has dropped to the low to mid-20s range, deeply entrenched in the oversold territory, which could trigger a short-term rebound. However, relying solely on oversold signals often struggles to reverse such a deeply rooted trend.
Support below is at the previous rebound low of 1,800 sat and the critical demand zone at 1,600 sat. Bulls need to reclaim at least 2,000 sat to begin alleviating the current bearish outlook.