- XRP’s weekly RSI hit oversold for just the second time in its history
- $14.21M in XRP got liquidated over 24 hours, mostly longs
- Ripple just launched RLUSD in Japan through a regulated SBI partnership
XRP trades at $1.0852 on June 25, down from $1.49 in May after a relentless slide that just pushed its weekly RSI into territory seen only once before. That single prior instance marked the 2022 bear market bottom near $0.29.
Is XRP Oversold On The Weekly Chart?
That kind of reading on a weekly timeframe doesn’t happen often, and the last time it did, it preceded a major bottom.
On the daily chart, XRP is locked in a clean downtrend since breaking below $1.30 in early June. Price has carved a series of lower highs against the 20-day EMA at $1.1544, with the 50-day at $1.2338 and the 100-day at $1.3343 stacking above as resistance. Fair value gaps sit overhead near $1.70 and $1.75, marking zones where price moved too fast in prior rallies to leave behind real trading activity.
On the shorter timeframe, price swept below $1.05 before bouncing, and the RSI divergence tool flagged a bullish setup as the indicator carved a higher low against price’s lower low near that level. The session VWAP bands have tightened sharply since that bounce, with price now hugging the upper band near $1.084, a sign buyers are back in control after sellers pushed price well outside the lower band during Tuesday’s drop. Fibonacci levels drawn from the recent swing put resistance at $1.20 (0.5), $1.24 (0.618) and $1.27 (0.705), with a break-of-structure line marking $1.05 as the level bulls need to hold.
XRP Key Intraday Levels
- Support at $1.05 and $1.0666
- Resistance at $1.1544, then a heavier wall near $1.20
What Do XRP Liquidations Say About Market Sentiment?
XRP derivatives volume jumped 52.85% to $2.94B while open interest slipped 1.14% to $2.53B, a combination that usually points to traders closing positions rather than adding fresh leverage into the move. Liquidations told a one-sided story over the past day, with $14.21M wiped out total, $12.67M of that longs against just $1.53M shorts.
The picture flipped in the most recent hours. Over the last four hours, shorts lost $477.97K versus $18.47K for longs, suggesting bears who piled in near the bottom are now getting squeezed as price stabilizes above $1.07.
Why Did Ripple Launch RLUSD In Japan?
Ripple confirmed that RLUSD has gone live in Japan through a partnership with SBI Holdings and its subsidiary SBI VC Trade, after clearing approval from the Japan Financial Services Agency. The stablecoin will be available to both institutional and retail users on SBI’s VCTRADE platform, expanding a Ripple-SBI relationship that stretches back to 2016. RLUSD has grown to roughly $1.7B in market cap since its 2024 launch.
The Japan rollout doesn’t move XRP price directly, but it reinforces Ripple’s regulatory standing in a major Asian market at a time when sentiment around the token is otherwise deeply negative.
XRP Price Prediction: Upside and Downside Targets
- Upside case: The historic RSI oversold reading marks a bottom similar to 2022, and XRP reclaims $1.1544 on its way to $1.20.
- Downside case: Selling pressure resumes, $1.05 breaks, and XRP retests the $1.00 psychological level for the first time since early in the cycle.
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