I just saw that XRP has recently dropped quite sharply, with the daily, weekly, and even monthly charts all reaching historically oversold levels, which is quite rare in XRP's trading history. Currently, the price is struggling around $1.40, and compared to its all-time high, it's really quite a distance from where it was. This decline is a market-wide event; the entire cryptocurrency market lost a lot this week, with XRP dropping nearly 20% in a single day, marking the largest single-day decline in five years. Interestingly, on the technical side, the RSI has fallen to historic lows, with the daily RSI dropping to 17, the weekly below 28, and the monthly only at 44. Such extreme overselling usually suggests that selling pressure may be nearing an end. Many analysts have noticed that XRP still remains above $1, which is a small bright spot. If there is a rebound from here, considering the distance from its all-time high, the rebound potential could be quite good. However, the market structure will still depend on overall sentiment.

The cryptocurrency market is once again in a fairly deep consolidation phase after the past few weeks. I’ve noticed that Bitcoin is still moving in the $77K range, while altcoins such as Ethereum, Solana, and XRP are showing weaker performance. Selling pressure is still clearly felt, especially due to the impact of AI fear trading that has swept through global stock markets. What’s interesting is that the battle field zone area $60K hingga $70K for Bitcoin has now been surpassed. The price has risen to $77.90K over the past week, up 3.74%, but this move still feels cautious. Ethereum is up 0.48% this week, while Solana and XRP remain under pressure, with minimal changes or even a slight decline. Analysts are still watching technical patterns that could provide signals about what comes next. Judging from the high altcoin sell-off data, it seems some players are still unloading their positions. But with Bitcoin already breaking through higher levels, there may be a shift in sentiment. The market is waiting for a clear catalyst—whether this is just a temporary rebound or the start of a more solid recovery remains to be seen.

Something I've recently noticed, XRP is getting very close to the resistance level that has held for 8 years. The current price is around $1.42, and everyone is waiting to see if it will break this level or not. If a true breakout occurs, I believe the reaction will be very strong. This point is not ordinary — it is a huge psychological level that has been under pressure for years. The volume and momentum we might see after the breakout could be completely different from what we're used to. The question now is whether the buying will continue or if traders are hesitant? It seems that the markets are closely watching this moment.