Peter Smith
XRP's performance against Bitcoin has reached a critical juncture as the cryptocurrency tests a historically significant support level. With technical indicators showing oversold conditions and the price action approaching a zone that has previously acted as a launching pad for recoveries, traders are closely monitoring whether this setup will deliver another bounce or if deeper correction lies ahead.
XRP Price Retests Crucial BTC Support
XRP has dropped back to test major support around 0.00002532 BTC on the 4-hour chart. This level has been important in the past, acting as a foundation for several recoveries and remaining a key spot that traders watch closely.
Crypto analyst @Cryptoinsightuk pointed out how significant this setup is, noting that back in July, this same level switched from being resistance to support. Now XRP is testing it again, which could set up another strong bounce if buyers step in.
XRP Price Technicals: Oversold RSI Adds Weight
The 4-hour RSI has dropped into oversold territory around 30-35, suggesting that selling might have gone too far. While oversold doesn't always mean the bottom is in, XRP has historically bounced well from these levels.
Here are the key levels to watch:
- Support: 0.00002500–0.00002532 BTC
- Upside target: 0.00003065 BTC
- Deeper support: 0.00002165 BTC (if current support breaks)
Trading volume is still high, showing there's plenty of activity as XRP tests this important support zone.
The combination of retesting this major support level plus oversold conditions makes a stronger case that XRP might be forming a bottom here. If buyers can hold the 0.00002500 BTC area, we could see a move toward 0.00003065 BTC. But if this support fails, XRP might drop toward 0.00002165 BTC.
The plan is simple: keep an eye on that 0.00002500 BTC zone. This level has often been where XRP turns things around, and with support plus oversold RSI, the bulls have a decent setup to work with.
Peter Smith
