XRP Eyes Major Rebound as Unique Oversold Signal and Long-Term Breakout Support Align XRP’s current pullback is attracting attention from technical analysts who view it less as a breakdown and more as a retest of a larger multi-year breakout structure. Financial chartist Celal Kucuker notes that despite short-term weakness, XRP’s broader trend remains intact. In his analysis, the current move is revisiting a former resistance zone that has now flipped into potential support, a classic confirmation retest usually seen after major breakouts, where price revisits prior resistance to validate it as a new base. Notably, support is clustered between $1.20 and $1.30, a zone that effectively determines whether the bullish structure survives. Holding above this level keeps the macro breakout narrative in play, while a sustained breakdown would signal a deeper corrective phase and weaken the trend. On the upside, Kucuker identifies $3.87 as an intermediate target tied to the prior breakout projection, while longer-term cycle models extend toward roughly $17.50, derived from broader Fibonacci extensions and historical market cycles rather than short-term price movement. Market data from CoinCodex shows XRP presently trading at $1.12 , placing it directly inside this key support region after a weekly decline of about 15%. At this level, price action typically transitions into either stabilization or continuation of the downtrend, making this zone structurally significant. What’s Brewing Beneath XRP’s RSI Surface? Looking at the other side of the technical coin, analyst Evan Clegg highlights an uncommon weekly signal : XRP’s Relative Strength Index (RSI) has fallen below 30, a level traditionally associated with oversold conditions. What makes this even more intriguing is its rarity on higher timeframes, historically, XRP has only reached similar weekly extremes once before, which aligned with a major macro bottom. Clegg interprets this as evidence of fading downside momentum rather than sustained selling pressure. He suggests XRP may be in a late-stage corrective phase, consistent with Elliott Wave Theory’s Wave 4 structure, which often precedes a final impulsive move higher. Within this framework, a Fibonacci-based extension toward $4.47 is viewed as a potential Wave 5 target, aligning with prior cycle behavior where deeply oversold conditions preceded strong recoveries. Overall, XRP’s setup remains conditional rather than confirmed. The top altcoin is sitting at a historically important support zone, with rare momentum signals hinting at potential exhaustion in selling pressure. However, the broader bullish case ultimately hinges on whether the $1.20–$1.30 region can continue to hold in the sessions ahead.