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Technical analysts say XRP may be entering the early stage of a major bullish phase, as several indicators suggest the asset could be approaching a macro turning point after months of subdued price action.
According to analyst CW, a green candlestick has now appeared on XRP’s three-week chart, suggesting the start of a broader uptrend. The analyst noted that confirmation signals from accompanying sub-indicators are likely to appear soon, meaning that XRP’s larger rally could already be forming.
Using Fibonacci extension analysis, the projected cycle peak sits near $21.5, which corresponds with the 6.618 Fibonacci level.
That said, EGRAG highlighted XRP’s weekly relative strength index, which has entered one of the most oversold zones in the asset’s history. Similar RSI conditions previously appeared around major market bottoms in 2014, 2015, 2018, 2020, and 2022.
While the indicator does not necessarily mark the exact bottom, the analyst said it has historically signaled that the market is entering a broader bottoming phase, typically unfolding through a final liquidity sweep, followed by a period of sideways accumulation, and then a gradual trend reversal.
 
For many long-term holders, such oversold regions have repeatedly served as accumulation zones rather than signals of further capitulation.
Market commentator Diana also pointed to a potential “slingshot” setup forming on XRP’s monthly chart. With the asset trading near $1.43 recently, the current structure appears less like a collapse and more like a high-timeframe reset after a prior major run.
The $1.30 to $1.35 range is a key support zone, while price compression in this area could eventually trigger a decisive breakout if buying pressure returns. Moreover, a limited circulating supply on exchanges and strong long-term holder positioning could amplify any fresh demand.
Meanwhile, CoinMarketCap data shows XRP recently trading near $1.40, up 2.57% over the past 24 hours and broadly moving in line with Bitcoin, which gained 2.71% during the same period. The move reflects improving macro risk sentiment following easing Middle East tensions and softer oil prices.
If XRP holds above $1.46, a test of the $1.52 resistance level may follow. However, a drop below $1.30 could trigger a deeper correction before any sustained uptrend develops.