Ripple price analysis (Bullish) — 2.82 USDT (-1.29% 24h)

XRP is showing concerning technical signals as it trades at $2.824, down 1.29% over 24 hours. The most alarming indicator is the RSI reading of 15.65, which represents extreme oversold conditions rarely seen in crypto markets. While price sits below both the 20-day SMA ($2.869) and 50-day SMA ($2.886), suggesting bearish momentum, the severely oversold RSI indicates a potential reversal opportunity. Trading volume remains robust at $252 million, providing sufficient liquidity for significant moves. The current volatility of 2.46% suggests moderate price swings are likely. For traders, this presents a classic contrarian setup – consider scaling into long positions with tight stop losses below recent lows. The extreme RSI reading suggests limited downside from current levels, making risk-reward favorable for bullish entries. However, maintain position sizing discipline given the overall bearish technical structure.