Crypto
XRP Reaches Heavily Oversold Levels, Analysts Debate Parabolic Surge
The price of altcoin XRP has reached heavily oversold levels, sparking debate among analysts about whether it's already hit its bottom.
XRP is currently down 72% from its all-time high and has hit a two-year low near $1 last month.
The monthly RSI for XRP is more oversold than during the 2020 COVID crash, leading some experts to believe that a parabolic surge is imminent.
Other analysts expect XRP's price to dip as low as $0.8 before making a full bullish recovery and entering a massive price surge.