Technical signals indicate XRP may be nearing a cycle bottom, as bulls hold key support levels.
XRP price stood at $1.35 on Monday, with technical indicators hinting at a potential cycle bottom after an eight-month downtrend, according to CoinTelegraph.
The weekly relative strength index (RSI) for XRP reached an oversold level of 29 on March 2, signaling waning bearish momentum, as reported in the article. This marks a similar pattern to previous cycles that led to significant price rallies.
Technical Indicators and Historical Patterns
The moving average convergence divergence (MACD) indicator has dropped to its lowest level and is poised for a bullish cross, aligning with past events that triggered 74% to 230% rallies in 2022 and mid-2024, per CoinTelegraph data.
Analyst Arthur noted on X that the weekly RSI hit one of its lowest levels in years, suggesting XRP might be entering an accumulation phase, while Cryptoinsightuk referenced a July 2022 oversold RSI as the exact bottom for XRP in a YouTube video.
XRP is stabilizing against Bitcoin at the bottom of a long consolidation range, with a higher high on the daily chart indicating potential recovery. The last similar stabilization in June 2025 preceded a 56% increase in the XRP/BTC ratio and a 92% price rally to $3.66.
Whale accumulation and high outflows from exchanges support a long-term bullish case for XRP, as previously reported by CoinTelegraph. However, XRP must maintain the $1.27-$1.30 support zone to avoid a drop toward $1.15 or lower, with analyst Egrag Crypto warning that a break could lead to deeper declines.
The $1.27-$1.30 level is reinforced by cost basis data showing nearly 500 million XRP acquired at that price, according to Glassnode. If this holds, bulls could push XRP toward $1.61, regaining control, but a fall below $1.12 might target $0.80.