XRP returns above $1.10 as RSI hits record low, analysts highlight potential rebound

Key short-term resistance zone

Despite a recent sequence of lower highs and lower lows, there are early signs that selling pressure within the narrowing price range is beginning to lose steam. Buyers have consistently defended the lower trendline of the wedge, signaling that accumulating interest is providing gradual support at lower levels.

At this stage, the most critical level being monitored is the upper resistance line of the falling wedge. A decisive breakout above this line, backed by robust trading volumes, could confirm the bullish reversal and pave the way for a new upward move. Conversely, if the price loses the lower trendline, it would invalidate the current technical setup.

Crypto With Gopal notes that a breakout of the falling wedge on the XRP four-hour chart, especially with significant volume, could accelerate upward momentum.

Market data also supports the potential for a short-term recovery. According to CoinCodex figures, XRP has once again moved above the closely watched psychological threshold of $1.10. Maintaining this level may help sustain buying interest and reinforce the positive price outlook, provided demand holds up. CoinCodex is a market analytics platform known for its digital asset pricing and forecasting data.

Monthly RSI indicator draws attention

From a longer-term perspective, the Relative Strength Index (RSI) indicator highlighted by analyst EGRAG CRYPTO has become a focal point. EGRAG CRYPTO observes that XRP’s monthly RSI has dropped into the deepest oversold territory in its history, falling below the 42, 41, and 40 marks.

Glossary: The RSI is a technical indicator that measures the speed and strength of a price move. While low values often signal weak momentum, a bottoming RSI that starts to recover can increase expectations for a trend reversal.

Although such low RSI readings are typically seen during periods of heavy selling, historical data shows that these levels often precede major price reversals once momentum turns. EGRAG CRYPTO believes the RSI is starting to flatten at these low levels, which could indicate fading bearish pressure.

EGRAG CRYPTO argues that if the monthly RSI gradually recovers to retake the 40, 42, 46.5, and 47.8 bands—and later rises above 50—it would provide strong confirmation of renewed bullish momentum.

Ripple’s long-term plans add support

The analyst also notes that while XRP’s price could create another lower low, a contrasting higher low on the RSI would produce classic bullish divergence. This long-term signal is often associated with major market bottoms.

Beyond the charts, Ripple’s institutional ambitions continue to bolster the longer-term picture. Ripple President Monica Long reaffirmed the company’s goal to make the XRP Ledger a leading blockchain infrastructure for enterprise payments. She also emphasized the focus on accelerating global adoption of both XRP and RLUSD. Ripple operates as a US-based financial technology firm specializing in cross-border payment solutions.