XRP Plunges to Oversold Territory: Weekly RSI Hits 33 – Is $1.83 the Ultimate Buying Opportunity?

XRP's weekly Relative Strength Index just flashed a major signal—hitting 33 and pushing the asset into oversold territory for the first time in months.

The Big Question: A Major Support Zone

Traders are now laser-focused on the $1.83 level. Historically, zones around this price have acted as springboards, but past performance is the favorite bedtime story of every crypto analyst—it doesn't guarantee the next chapter.

Market Mechanics at Play

The RSI dive suggests selling pressure may be exhausting itself. It doesn't predict the bottom, but it highlights where momentum has shifted. This creates a classic high-risk, high-reward setup: buy the fear or watch the dip get deeper.

Timing the Bounce

No indicator is a crystal ball. An oversold signal can persist, and prices can always fall further—ask anyone who bought the 'dip' last year. The real game is separating a temporary discount from a fundamental breakdown.

Watch the charts, ignore the hype, and remember: in crypto, 'oversold' is often just a polite term for 'everyone got scared at the same time.'

XRP Trades Below Key Weekly Averages as Structure Weakens

XRP is currently trading around $1.83, which is lower than the 20-week and 50-week EMAs of $2.37 and $2.28, respectively. The RSI is currently below 50, indicating that XRP is still in an undervalued zone.

The 100-week EMA of approximately $1.87 is also a level that has been tested and slightly broken, which further supports the downtrend of XRP. The significant support level to watch, in case of further decline, is the 200 EMA of approximately $1.38.

In the Fibonacci analysis, it is evident that XRP is in a decision phase. It is currently ranging between the 0.382 and 0.5 Fibonacci levels of the last move. It seems it failed to break back above the 0.618 level in the region of the mid-$2 zone, indicating a lack of strength in the uptrend.

When a bounce is realized, the $2.30-2.50 region is a strong resistance area, including old support lines and a number of moving averages.

Momentum Indicators Stay Bearish but Show Early Signs of Stabilisation

Momentum indicators call for cautious attention. The weekly MACD is still below zero, while the histogram points downward, indicating that even if the downtrend has weakened somewhat, the bears’ momentum exists.

For the sentiment to improve, XRP needs to remain above the range of $1.80 to $1.90 and above key weekly averages. If a breakout below the range occurs, there might be a strong possibility of a decline to the level of $1.40.