XRP Price Bottom Here After 40% Monthly Drop, RSI Levels Say So

Key Insights:

• XRP’s weekly RSI is nearing the 30–32 zone that has historically marked major price bottoms.
• Experts say XRP has entered a long-term accumulation range between $1.50 and $1.30.
• XRP treasury firm Evernorth Holdings, which owns about 473 million XRP, is facing unrealized losses estimated at over $380 million.

Ripple’s native cryptocurrency XRP has been on a freefall, extending its monthly losses to more than 40%. In the last 24 hours, the XRP price has fallen by more than 14% and is currently at $1.36. However, market experts believe the bottom is almost here, and any further decline would be limited.

XRP Price Stares At Bottom After Strong Correction

Amid the broader crypto market crash, Ripple’s native cryptocurrency is down 14%. As of press time, the XRP price is under strong selling pressure, trading at $1.36, extending its weekly losses to 27%. Over the past month, the price has corrected by 40% dropping all the way from $2.4.

However, market experts believe that the bottom for XRP could be near. This comes as the XRP weekly Relative Strength Index (RSI) moves closer to levels that suggest major price bottoms.

In a recent analysis shared with the XRP community, Kripto Messi noted that XRP’s weekly RSI is nearing the 30–32 range. In the past, this range has marked the end of prolonged downturns.

As shown in the above image, XRP rebounded after the weekly RSI entered this range. These include June 2014, when XRP fell to an all-time low near $0.0028; November 2015, with a rebound from $0.0041; March 2020, when XRP bottomed near $0.104; and June 2022, when the token found support around $0.287 as the RSI dipped into oversold territory.

As of now, XRP’s weekly RSI stands at approximately 31.5. This makes it an attractive bet that could lead to XRP price reversal. Despite this bullish setup, the analyst has cautioned about other technical indicators. This includes the weekly MACD, which remains bearish, suggesting downside risk should be considered.

XRP Price In Major Accumulation Range

Another crypto market analyst, Crypto Patel, also shared a similar view. He added that the XRP price is currently trading within a strong accumulation range. In a recent market update, Patel noted that XRP has fallen roughly 58% from its all-time high.

This puts it within an initial accumulation range between $1.50 and $1.30. Patel suggested that investors with longer time horizons could consider gradual accumulation in this range rather than rushing into entries.

From a risk-management perspective, Patel added that a decisive break below $1.30 could open the door to deeper downside. Thus, in this case, the next accumulation zone would be in between $0.90 and $0.70. He characterized that lower range as a potentially high-conviction area if broader market weakness persists.

Despite near-term volatility, Patel reiterated a long-term XRP price target of $10. He argued that risk-reward dynamics favour a long-term rally.

XRP Treasury Firm In Deep Waters

Amid the recent crypto market crash, most digital asset treasury firms, including Tom Lee’s BitMine, are facing deep losses. XRP treasury firm Evernorth Holdings is facing a major loss on its Ripple crypto holdings.

According to CoinGecko data, Evernorth currently holds approximately 473.3 million XRP, accounting for about 0.47% of the circulating supply. At current market prices, the position is valued at roughly $685 million.

The firm accumulated the bulk of its XRP holdings through two major purchases in October and November last year and has not increased its exposure since then. With XRP now trading below $1.50, those paper losses are estimated to exceed $380 million.

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