- The daily RSI of XRP was in the oversold zone at $0.38, which means the short-term selling pressure increased.
- The price has been fluctuating between $2.20 and $2.36, RSI and volume statistics show that the market is tired of the major support.
- The overlay of the logarithmic fractal aligns current XRP structure with past cycles which suggests formation of a measured move.
XRP (XRP) was quoted at $2.36 and declined by 2.6 percent within the past one week. The asset was also trading between $2.20 and $2.36, and it had lower volatility, after a sharp pullback. Relative Strength Index (RSI) on the daily chart plummeted into the oversold zone first since XRP traded at the range of 0.38, which is reflective of an augmented short-term selling pressure.
This occurrence has drawn attention due to its historical similarity to past reversal points. Analysts have overlaid an identical fractal pattern on a logarithmic scale to compare current price action with previous cycles. Importantly, the fractal has not been resized, ensuring consistency in scale and proportionality. The comparison suggests that the current market phase resembles a measured correction observed in earlier XRP price structures.
RSI and Volume Data Indicate Market Exhaustion
The daily RSI’s decline to 34.59, followed by a modest rebound to 38.37, indicates that momentum has started stabilizing. Notably, similar RSI readings previously coincided with accumulation zones before a sustained market recovery. Trading volume, which is normally determined by both the RSI and the buyers and sellers, has reduced slightly, indicating a reduction in buyer and seller activities.
These changes indicate that the most recent market movement is a phase of exhaustion as opposed to continuation of the trend. The short-term level near support of $2.20 can be considered the key to stabilization of the price on a short-term basis, and $2.36 is the immediate resistance in the more extended perspective.
Fractal Overlay Suggests Measured Move Setup
The overlaid logarithmic fractal provides a framework for assessing possible future price behavior. This visual alignment illustrates how XRP’s past price structures unfolded after similar RSI conditions. The chart reflects how measured moves can emerge when prior fractal patterns repeat under comparable technical setups.
Also, the performance of XRP, which currently stands at 0.00002205 BTC, shows slight relative weakness but is more consistent in terms of broad structure. Collectively, this data has XRP at a technically important level, and the traders are watching with great attention whether previous trends can be applied in the present circumstances.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed