XRP Price Prints Ultra-Bullish RSI Ratio: $2 Next In Line?

XRP's price has been volatile over the past two weeks, but recent technical analysis suggests that it may be on the verge of a broader rally.

The Relative Strength Index (RSI) for XRP printed its lowest reading in its entire 13-year history at 33.5, indicating an extremely oversold condition.

This has led some analysts to predict that XRP's price could reach $2 if it manages to breach the neckline near $1.55.

However, a stronger impulse on trading volume is needed for this breakout to occur, and the daily spot trading size remains capped below $3 billion.