I noticed an interesting point with XRP - the price has fallen into an extreme oversold zone. The RSI of the XRP/BTC pair dropped to 24, the lowest level in several months. After an eight-month decline, such signals usually indicate that sellers have exhausted their positions and a rebound may begin.

On-chain data is also interesting. The MVRV Z-score has approached zero - a classic sign of accumulation phase. Most XRP holders are already close to their cost basis, so the motivation to sell weakens. Plus, there is a high concentration of tokens in the current support zone - this looks like accumulation rather than distribution.

The XRP price has held a key support level since February. If this level holds, there could be a short-term rebound to higher resistance levels. Historically, similar conditions have led to rallies with gains of tens to hundreds of percent. But if a breakdown occurs, then the pressure will continue. Currently, it’s a balance between buyers and sellers.