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$XRP has fallen more than 18% over the past month and now sits in oversold territory across every major time frame, according to CoinMarketCap data and chart analysis circulating on social media.
Two crypto analysts are pointing to historical RSI patterns as the basis for bullish projections, though the coin's recent price action reflects sustained selling pressure and little evidence of a reversal catalyst.
What the RSI Reading Actually Shows Crypto analyst Dark Defender, posting on X on June 6, flagged that XRP's Relative Strength Index has dropped into extreme oversold territory on multiple chart views.
The mechanism he points to is pattern repetition: the last time XRP confirmed a similarly oversold RSI structure, it was trading around $0.56 in 2024. The coin subsequently ran to $3.66, a gain of more than 550%.
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