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XRP Price Trapped Near 13-Year Low as Analyst Warns of Oversold Conditions

Guavy AI Editorial Team
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XRP
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XRP's price remains stuck between $1.06 and $1.08 on August 4, down approximately 43% for the year.

Crypto analyst Cryptollica notes that XRP's monthly momentum has reached its weakest level in more than 13 years, with this oversold reading deeper than corrections seen in 2014, 2018, 2020, and 2022.

The token is currently testing a long-term support level that has drawn buyers in the past, but whether this support holds will determine if XRP can recover or slide further.

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