Just noticed XRP hitting some serious oversold territory on the charts. The RSI on the XRP/BTC pair dropped to 24 - lowest in months - which historically shows up right before bounces. We're talking double to triple-digit recoveries in past cycles when things got this extreme.

The on-chain data is backing this up too. MVRV Z-score sitting near zero, which means most holders are basically at their cost basis. That's accumulation zone behavior. Plus, there's a massive cluster of XRP tokens stacked around current support levels - holders aren't panicking and selling. Current price around $1.42 with the market cap at $87.12B.

If Ripple price holds this support zone that's been defended since early February, we could see a relief rally toward resistance. But if we break below? That opens the door to deeper downside. Right now it's a balance - buyers defending, sellers testing. The setup looks like we're either at a bottom or close to one, but price action will tell us which way this goes.