Analysts cite a potential mean-reversion setup as XRP hovers near $1.13, eyeing a rebound to $1.40 amid oversold conditions.
XRP’s weekly chart shows its 20-week exponential moving average nearing a death cross with the 200-week EMA at $1.39, a pattern historically followed by relief rallies. Current pricing near $1.13 suggests a 23%-25% upside if the trend repeats, targeting $1.40 by July.
Previous crosses in 2019 and 2022 saw rebounds of 20% and 82.7%, respectively. The weekly relative strength index remains just above the oversold threshold of 30, indicating potential for a short-term recovery.
Longer-term projections from analysts point to a possible rally toward $8, though no timeline was specified for the broader move.