The price of XRP is facing a critical juncture as technical analysts present conflicting signals, warning of a potential deeper correction while some highlight oversold conditions that could precede a rally. After a strong start to 2026, XRP briefly pushed above the $2.40 level but has since retreated, trading in the $2.10–$2.15 range following a rejection at a key Fibonacci resistance near $2.41.
Analyst CasiTrades warns that the rejection at the macro 0.382 Fibonacci level indicates fading momentum. The key support level to watch is now $2.03, which aligns with the macro 0.5 Fibonacci retracement. A failure to hold this level could open the door for a deeper pullback toward the $1.65 support zone, representing the macro 0.618 Fibonacci level. CasiTrades notes the initial move lacked strong volume and impulsive structure, suggesting the market may need more time to reset before any sustained upside.
Conversely, analyst Steph is Crypto points to oversold conditions that have historically preceded major rallies. The stochastic RSI on a three-week chart has fallen below 25, a level that in 2023 and 2024 foreshadowed price surges of 256% and 857%, respectively. Furthermore, the analyst highlights a powerful signal on the weekly chart where the RSI has broken back above its moving average, a pattern that since 2024 has led to major gains in the following weeks. Steph is Crypto predicts XRP could reach $5.
Currently, XRP continues to trade in a broad range between $1.77 and $2.41 established since mid-November 2025. The immediate technical battle revolves around converting the $2 level, coinciding with the daily 50-day moving average, into support to sustain bullish momentum. A decisive break above $2.56 is seen as the next crucial step to open a pathway toward $3 and $3.5.
