XRP Hits Record Oversold Levels, Trend Reversal on Horizon

XRP has reached its most oversold level on record, according to Pluang's analysis. The monthly RSI for XRP has fallen below extreme levels last seen during the March 2020 market crash.

This suggests a possible major trend reversal as selling pressure eases. On-chain data shows declining XRP reserves on exchanges like Upbit and Binance, indicating a tightening supply that could fuel sharper price moves if demand returns.

Historical cycle analysis points to a potential average target price near $20, supported by increasing network activity and strengthening fundamentals, making XRP a closely watched asset for a possible rebound.