I noticed an interesting situation with XRP — the price has dropped a quarter since the beginning of the year and is now around $1.43. The cryptocurrency has reached the lower boundary of a multi-year ascending channel on the weekly chart, and this coincides with a potential golden cross on the RSI. It sounds like a classic signal for a rebound.

Although XRP has experienced a significant decline — down 62% from its all-time high — history shows an interesting pattern. Every time the price fell to the lower line of this channel, a strong rally followed. In 2017, XRP rebounded from $0.003 to $3.31 within a year. In 2024, a similar picture was seen: after falling to $0.38 in July and $0.5 in October, it surged to $3.4 by the start of the year.

The current situation looks similar — the price is at the bottom of the channel, and the RSI is forming a golden cross, which usually indicates increasing bullish pressure. If history repeats itself, this could mark the beginning of a serious rally. Of course, this is not a guarantee, but the signals are quite convincing. It will be interesting to see if a rebound occurs from this level.