XRP price pops below as BTC bulls defend $1.30.
XRP (XRP) price has posted an eight-month downtrend, with momentum indicators and the XRP/BTC ratio at levels that marked previous cycle lows.
Main Receptors:
XRP's RSI, MACD classic reversal signal printing
Data from TradingView shows that XRP's weekly Relative Strength Index (RSI) reached 29 during the March 2 oversold period, indicating a fading bullish momentum.
Similarly, the moving average converging divergence (MACD) indicator has fallen to an all-time low and is about to form a prominent cross.
Note that the previous bullish crosses have marked macro bottoms in XRP/USD, especially with the oversold RSI.
This ultimately resulted in XRP price rallies of around 74%-230% as seen between 2022 and mid-2024.
The RSI has now recovered from 29 to 34 in early March. When combined with a buy signal on the MACD, the picture begins to resemble previous cycles.
“Weekly RSI on $XRP just hit one of its lowest levels in years,” analyst Arthur said in an X post on Sunday:
“When the last weekly RSI reached these extremes, XRP was preparing for a strong consolidation phase. Is the weekly chart flashing a long-term bottom?”
“This is the second time we've been oversold in the RSI,” noted analyst CryptonStack in a recent YouTube video.
“The first time was in July 2022, and it marked the real bottom for XRP.”
In addition, XRP has started to stabilize against Bitcoin (BTC) at the bottom of a long consolidation range and posted a higher high on the daily chart, indicating that “there is some life at the bottom of this range,” the analyst added.
The last time XRP was down against Bitcoin at this level was in June 2025. The 56% XRP/BTC ratio has started to rise, along with the 92% XRP price rally to a multi-year high of $3.66.
Technicals aside, Cointelegraph reports that whale stocks and high foreign exchange inflows have strengthened the long-term bullish case for XRP.
XRP price should hold above $1.30.
Meanwhile, XRP/USD remains cautiously bullish as long as it holds the $1.27-$1.30 support zone.
XRP is “set at a very sensitive level, this is where the market chooses its direction,” analyst Egrag Crypto said in a recent X post, referring to the area around $1.30.
“If this zone holds, we'll grind higher. If it breaks, we can revisit support deeper at $1.15.”
The importance of this level of support is reinforced by cost-based distribution. The heat map below shows that around this price around 500 million XRP were bought.
Below that, the next line of resistance is the $1.15-$1.12 interest zone at the 200-week simple moving average.
If XRP/USD breaks below this level, it will be in free fall to the bear flag measured at $0.80 or 42% below the current price.
According to Cointelegraph, a hold of $1.27-$1.30 would be a sign of strength among the bulls and the XRP/USD pair should push to the $1.61 high range.
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