The XRP price has reached oversold levelsmaking it the lowest reading on record. A cryptocurrency analyst reported that every time XRP reaches this level, the price rebounds. Based on this, he believes that XRP may be the case on the verge of another massive bounceforecasting a potential rise above $2.

XRP price drops to oversold levels before rebounding

Crypto market analyst known as “Ripple Bull Winkle” on X scratched short-term bullish outlook for XRP. Despite consistently breaking key support levels and currently trading at around $1.4, the analyst says XRP could position at around significant recovery which could eventually push its price back above $2.

The basis for Ripple Bull Winkle’s optimism is a repeating historical pattern that he believes has always caused the XRP price to rebound. In particular, the analyst emphasizes repetition Relative Strength Index (RSI) pattern. He announced that XRP recently reached an RSI of 20 on the daily chart, marking the most oversold reading in its history.

According to the analyst, whenever XRP enters similarly extremely oversold territory, there is always a price rebound of around 15-40%. He said such a rebound typically occurs within two weeks of reaching these levels. He also emphasized that this recovery has not been sporadic, but consistent, which reinforces his belief that XRP will likely follow the same pattern and rebound again.

If all goes as expected, Ripple Bull Winkle predicts that XRP could rebound to $2.20-$2.50 before the end of February 2026. He noted that a rally to this bullish target is the highest probability event that has occurred in the market this year.

The analyst shares multiple resistance targets for XRP

Looking at the attached Ripple Bull Winkle price chart, he has marked several key resistance zones with red horizontal lines, indicating areas where XRP may encounter sales pressure or fight for a promotion. These levels range from around $1.8-1.91 to $2.06-2.19, then $2.29-2.41, $2.67-2.78 and a higher resistance range near $3.10-3.18.

Collectively, these levels serve as both potential barriers that could snail-paced price movement and upside targets for XRP to achieve. Blue upward pointing arrows on the chart also signal the analyst’s expectation of: bullish breakout or a sustained rally towards imposed resistance levels if XRP gains sufficient momentum.

At the time of writing, it appears that XRP does making up for the loss after the recent downward trend. Its price has increased by more than 10% in the last 24 hours and after a compact time it is above USD 1.4 falls below $1.30according to CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com