XRP Tests Historic Oversold Levels on Weekly RSI, Echoing 2022 Bottom

XRP is testing historic oversold levels on the weekly RSI for only the second time in its history, echoing the 2022 bear-market bottom. The setup was first flagged by analyst Cryptoinsightuk, according to BeInCrypto, as XRP trades around $1.07 after a 24-hour drop of more than 3% and roughly 10% weekly losses. The same signal in late 2022 coincided with XRP’s capitulation low near $0.29. BeInCrypto cited Bitcoin’s slide below $60,000 and said XRP’s market cap has fallen to about $66.2 billion. Standard Chartered has cited XRP targets above $2 by end-2026, contingent on additional ETF approvals.