XRP Near Oversold: Weekly RSI Hits 33, Could $1.83 Be a Major Buying Zone?

• XRP’s weekly RSI has dropped to 33, a zone that has often marked exhaustion during past pullbacks.
• Price is trading near $1.83, below key weekly averages that now act as resistance.
• The chart still reflects a corrective phase, with $1.38–$1.40 standing out as major long-term support.

XRP is once again drawing attention after CryptosRus highlighted a sharp drop in its weekly Relative Strength Index. The RSI is slipping to 33 places, XRP is close to oversold territory, a level where previous cycles have often seen strong reactions.

While this does not guarantee an immediate rebound, it signals that selling pressure has reached an advanced stage.

At the same time, wider crypto sentiment has begun to calm after weeks of volatility, prompting traders to closely watch whether XRP can stabilize and attract fresh demand at current levels.

The broader chart shows how this market trend came about. The strong price move by XRP towards the end of 2024 resulted in the price moving above average, clearly indicating that there was a change in trend at this point.

However, this upward trend was followed by a lot of sell-offs around higher Fibonacci levels. Since this point, there has been a change in price movements. XRP has not been making higher highs as was previously seen, which indicates that there is distribution and not growth.

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XRP Trades Below Key Weekly Averages as Structure Weakens

XRP is currently trading around $1.83, which is lower than the 20-week and 50-week EMAs of $2.37 and $2.28, respectively. The RSI is currently below 50, indicating that XRP is still in an undervalued zone.

The 100-week EMA of approximately $1.87 is also a level that has been tested and slightly broken, which further supports the downtrend of XRP. The significant support level to watch, in case of further decline, is the 200 EMA of approximately $1.38.

In the Fibonacci analysis, it is evident that XRP is in a decision phase. It is currently ranging between the 0.382 and 0.5 Fibonacci levels of the last move. It seems it failed to break back above the 0.618 level in the region of the mid-$2 zone, indicating a lack of strength in the uptrend.

When a bounce is realized, the $2.30-2.50 region is a strong resistance area, including old support lines and a number of moving averages.

Momentum Indicators Stay Bearish but Show Early Signs of Stabilisation

Momentum indicators call for cautious attention. The weekly MACD is still below zero, while the histogram points downward, indicating that even if the downtrend has weakened somewhat, the bears’ momentum exists.

For the sentiment to improve, XRP needs to remain above the range of $1.80 to $1.90 and above key weekly averages. If a breakout below the range occurs, there might be a strong possibility of a decline to the level of $1.40.

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