Key facts
- XRP's monthly Relative Strength Index (RSI) has entered its fourth deep oversold reset zone in its 13-year trading history.
- This zone has historically preceded parabolic price rallies for XRP.
- The RSI reading is currently around 42, similar to levels seen in 2014, 2017, and 2022 cycles.
- XRP has been trading within a long-term ascending channel with a triangle pattern forming inside it since 2017.
- Analyst Cryptollica projects potential upside targets for XRP at $14, $26, and a cycle peak of up to $50.
XRP has re-entered a critical monthly Relative Strength Index (RSI) zone that has historically preceded significant price rallies, according to market analyst Cryptollica. This zone has appeared only four times in XRP's 13-year trading history, typically marking cycle bottoms after extended downtrends and consolidation phases. The current RSI reading is around 42, similar to levels observed in 2014, 2017, and 2022. Cryptollica's analysis suggests that XRP has been trading within a long-term ascending channel with an internal triangle pattern since 2017. With the RSI aligning with historical oversold levels and the price approaching the triangle's apex, a breakout is anticipated. The analyst has set potential upside targets for XRP at $14, $26, and a cycle peak of up to $50 if historical patterns repeat.