Victoria Bazir
⬤ Bitcoin and XRP are both flashing oversold signals on their hourly charts after recent pullbacks. BTC is trading around 88,500 while XRP consolidates near 1.89-1.90, with both showing RSI values in the low-to-mid 30s and stochastic RSI at deeply oversold levels—typically seen when short-term selling pressure starts running out of steam rather than accelerating.
⬤ Bitcoin's hourly chart shows price sitting between resistance at 94,700 and support around 84,000 after dropping from the mid-90,000 range. The hourly RSI hovering in the low-30s alongside deeply oversold stochastic RSI readings points to weakening downside momentum, though this alone doesn't guarantee a reversal is coming.
⬤ XRP mirrors this setup with price stuck below a descending trendline after falling from above 2.30. The token's RSI near the mid-30s and stochastic RSI close to its lower boundary suggest bearish pressure on the lower timeframe might be stabilizing rather than building up for another leg down.
⬤ The synchronized oversold conditions across both Bitcoin and XRP could influence near-term volatility and sentiment in the broader crypto market. While these indicators don't predict which way prices will move next, they often show up before consolidation phases or short-lived relief bounces—making the next few sessions critical for determining whether we see a corrective rebound or another push toward lower support levels.
Victoria Bazir
