After XRP's market cap surpassed BNB, the price surged to near $1.60, displaying rare bottom signals and strong rebound potential. Analysts point out that weekly RSI oversold conditions and negative funding rates are indicators of a potential long-term bottom. The key support zone of $1.44 to $1.48 is crucial for near-term price action; if this level holds, the price may retest $1.60, while a breakdown could lead to a test of $1.34. This rally is primarily driven by Bitcoin correlation, favorable technical setup, and institutional ETF capital inflows, though low trading volume and resistance at $1.60 present risks.

XRP-2.85%
BNB-1.35%
BTC-1.94%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin