XRP Price Prediction As Weekly RSI Falls To 33
The post XRP Price Prediction As Weekly RSI Falls To 33 appeared first on Coinpedia Fintech News
XRP is back in focus after a fresh signal appeared on the weekly chart. The weekly RSI for XRP has fallen to 33, which usually means the price is getting close to oversold levels.
In the past, XRP has often bounced when RSI moved this low. Because of this, many traders are now watching closely to see if a recovery could start forming.
What the RSI Signal Means
RSI, or Relative Strength Index, is used to measure price momentum. When RSI moves near 30, it often shows that selling pressure may be slowing down.
With XRP’s weekly RSI now at 33, it shows sellers may be running out of strength. This does not guarantee a bounce, but it increases the chances, especially if the wider crypto market stays stable.
Price Is Still Under Pressure
Even with the oversold signal, XRP is still moving in a downward trend in the short term. The price recently tried to move higher but failed, showing that buyers are still skeptical.
There is still a possibility that XRP could make one more drop before any solid recovery begins. Until the trend changes, downward pressure remains.
Resistance Areas to Watch
XRP recently tested a price range between $1.97 and $2.10, where the move higher was rejected. This area has stopped price growth for now.
Even if XRP moves above this range, it would not fully confirm a trend change. A much stronger barrier sits higher, between $2.69 and $2.84, which has held price down for several months.
Support Below Current Price
On the downside, the next area where buyers may step in is around $1.76 to $1.77. If the price drops toward this zone, traders will be watching closely for signs of support.
A strong reaction from this level could help start a recovery.
Why Recent Price Rallies Failed
XRP has seen several small price jumps in recent weeks, but none of them lasted. These moves were weak and did not turn into a real upward trend.
For a true trend change, the market needs stronger upward movement and better structure. So far, XRP has not shown that.
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