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XRP Drops to $1.08: Can It Bounce Back From Oversold Conditions?
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XRP (CRYPTO: XRP) is trading 55.2% below its one-year high, but historical data suggests that oversold conditions have often preceded recoveries.

XRP gained ground within 90 days in 12 of 17 past cases, a 70.6% recovery rate with a median gain of 9.1%, according to Bitrue’s Nov. 9 report shared with Benzinga.

The altcoin gained 48.5% and 40.3% following oversold readings in June and August, respectively.

XRP’s daily Relative Strength Index (RSI) has fallen below 35 on 18 occasions since 2023.

Currently trading near $1.10, XRP has a four-hour RSI of 24, signaling deeply oversold conditions, while an ADX of 47 indicates a strong downtrend.

Bitrue’s AI warned that the current setup could trigger either a sharp rebound or further losses.

What Must Happen Before XRP Recovers?

Bitrue found that XRP often consolidates before recovering, although 49.6% of similar cases saw further declines first.

XRP’s 20-day buy-to-sell volume ratio stands at just 0.45, signaling weak buying pressure.

Bitrue identified three recovery signals:

  • Buying volume exceeds selling volume, pushing the ratio above 1.
  • On-balance volume turns higher, signaling accumulation.
  • XRP closes above $1.1803 with improving momentum.

During August’s recovery, the volume ratio exceeded two for nearly two weeks.

XRP Could Reclaim $1.48 Or Fall Below $1

Bitrue AI identified $1.0365–$1.1803 as XRP’s immediate trading range.

A confirmed breakout above $1.1803 could open the door to the $1.32–$1.48 resistance zone, where 46.9% of XRP’s 2026 trading volume occurred.

Conversely, a daily close below $1.0365, accompanied by strengthening bearish momentum, could expose the psychological $1 support level.

A deeper decline would put XRP’s 2026 low of $0.93 back in focus.

Image: Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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