With XRP near a key support around $1.35 and a weekly RSI of 29, traders weigh potential bounce versus further downside. XRP was trading at $1.35 on Monday, according to TradingView data, as the digital asset encounters a critical support zone. Traders are watching how price behaves around this level.
Analysts noted a weekly RSI of 29 as of March 2, a reading commonly interpreted as oversold and suggesting room for a price response if demand returns at support. This setup leaves room for a potential rebound if demand returns at support.
Near-term action will depend on whether the support holds or breaks, shaping the trajectory for XRP in the coming sessions. Market participants will be looking for a sustained move back above key levels to confirm a bullish shift.
XRP was trading at $1.35 on Monday, according to TradingView data, as it tests a critical support zone near that level. A weekly RSI of 29 as of March 2 indicates oversold conditions and suggests room for a price response if demand returns at support. Analysts note that a bounce could unfold if buyers step in at $1.35, but the path remains uncertain until the support holds.
The near-term trajectory will depend on whether price sustains a move back above key levels. Traders will monitor price action for signs of renewed demand, with a break below support potentially extending downside, while a convincing recovery above resistance could signal a bullish shift.
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