of XRP price reaches oversold levelrecorded its lowest reading ever. One cryptocurrency analyst reports that every time XRP reached these levels, a price rebound was followed. Based on this, he believes that XRP could become something like this: On the brink of another major backlashpredicting a potential rise of more than $2.
XRP price drops to oversold level ahead of rebound
Cryptocurrency market analyst known as “Ripple Bull Winkle” of X, outlined A bullish outlook for XRP in the short term. consistently despite destroy a critical support level And with it currently trading at around $1.4, analysts believe that significant recovery The price could eventually exceed $2.
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The basis for Ripple Bull Winkle's optimism stems from a repeating historical pattern that, in his view, has never failed to rebound in the XRP price. Specifically, analysts highlight recurring issues. Relative Strength Index (RSI) pattern. He announced that XRP recently reached RSI 20 on the daily chart, marking the most oversold reading in history.
According to analysts, every time XRP enters similarly extreme oversold territory, it always follows a price rebound of around 15-40%. He said such a rebound typically occurs within two weeks of reaching this level. He also emphasized that this recovery is occurring consistently rather than sporadically, reinforcing his belief that XRP is likely to follow the same pattern and rebound again.
If everything unfolds as expected, Ripple Bull Winkle predicts that XRP could recover to between $2.20 and $2.50 by the end of February 2026. He noted that a rise to this bullish target is the most probable event the market has experienced this year.
Analysts share multiple resistance targets for XRP
If you look at the attached price chart of Ripple Bullwinkle, he uses red horizontal lines to mark some major resistance zones, indicating areas that XRP may encounter. selling pressure or struggle to move forward. These levels range from approximately $1.8-1.91 to $2.06-2.19, followed by $2.29-2.41, $2.67-2.78, and higher resistance around $3.10-3.18.
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Collectively, these levels serve as both a potential barrier that could slow down price movements and an upside target that XRP is expected to reach. The upward blue arrow on the chart also indicates analyst expectations. bullish breakout Alternatively, if XRP builds enough momentum, it could sustainably move higher toward the built-up resistance level.
At the time of writing, XRP looks like this: Recovering from recent downward trend. Its price has rallied more than 10% in the past 24 hours and is currently trading above $1.4 after a brief dip. below $1.3According to CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
