XRP Price Prediction: XRP Recovers as RSI Flashes Major Buy Signal

XRP (XRP) has gone up by nearly 7% in the past 24 hours and is about to surpass the $2 psychological threshold.

Trading volumes have surged by 68% ahead of the weekend, currently accounting for 2.3% of the asset’s circulating market cap.

The move occurs right after the token hit a key mark in the weekly Relative Strength Index (RSI) that has often marked a cycle bottom in previous years.

XRP-linked exchange-traded funds (ETFs) have made the headlines recently as they have managed to keep a clean streak of positive net inflows that has endured for 32 days. This is a remarkable achievement that no other crypto has managed to get close to in a long time.

As a result, XRP ETFs have surpassed $1.2 billion in assets already, surpassing the amount managed by Solana-linked vehicles listed in the United States.

This RSI Buy Signal Has Anticipated Strong Gains in the Past

Meanwhile, Google searches for the term “XRP” have jumped by 50% in the past 24 hours, most likely aided by this strong single-day uptick.

As we signaled in previous articles, XRP is highly sensitive to sentiment changes and retail interest. The Fear and Greed Index has recovered near Neutral territory in the past few days, just weeks after hitting a record low of 11.

If this recovery continues, this would confirm our thesis that the F&G Index is a contrarian indicator that signals a market bottom every time it recovers from “Extreme Fear” levels.

XRP/USD Weekly Chart (Binance) – Source: TradingView

In previous XRP price predictions, we shared a weekly chart that showed how XRP exploded right after the Relative Strength Index (RSI) approached a level of around 30 – 35 in this higher time frame.

The past three times this happened, XRP went on to deliver gains ranging 208% to 1,480% over the next 12 to 16 months. Higher time frame patterns tend to be much more reliable and deliver much more powerful signals.

Hence, we could be about to witness the beginning of a strong bull market for this altcoin.

XRP Needs to Stay Above $2 to Start Rallying

To confirm this, the price should start rising with strong volumes for at least two to three weeks.

XRP/USD Daily Chart (Binance) – Source: TradingView

Moreover, the price structure in the daily chart must shift, which would require that XRP breaks the previous low of its current downward trend.

The daily chart shows that XRP is effectively reversing its downtrend. Even though it has not yet broken its trend line resistance, the price has already moved above the $1.95 structural pivot.

The token needs to close above this mark today and make its way to $2 ideally to fully confirm that the trend has changed direction. The Relative Strength Index (RSI) just spiked above the 14-day moving average as well and has risen above the mid-line.

The next stop for XRP in this case would be the $3 level if bullish momentum gains steam, as bears will be progressively squeezed out of their short positions.