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XRP: The Setup Most Traders May Be Overlooking
$XRP has just printed one of its lowest two-week RSI readings in its 13-year history — below levels seen during the 2018 bear market, the 2020 COVID crash, and the 2022 market downturn.
Yet despite this extreme momentum reset, XRP is still holding above its long-term rising structure that has remained relevant across multiple market cycles.
That divergence is worth watching.
Sentiment has been heavily damaged, momentum has been flushed out, and many traders are already treating the current weakness as a sign that the XRP story is over.
But historically, extreme oversold conditions near major long-term support can create an interesting risk/reward environment.
The key is confirmation: if the long-term structure continues to hold and momentum begins to recover, XRP could attract renewed attention quickly.
Most traders look for certainty after the breakout. The interesting part is watching what happens before it.
DYOR. Not financial advice.
#GateTopsStockPerpetualCoverage #ArcEcosystemAndMemeCoinsPlunge #ShareWeekly