XRP may be approaching a critical turning point as technical indicators begin 
to signal the early stages of a potential bottoming phase. After an extended 
pullback and cooling momentum, analysts are pointing to growing price 
compression and historically oversold conditions that could precede a major 
move. If market structure holds and demand gradually returns, the developing 
slingshot setup could position XRP for a strong recovery in the coming months. 
Monthly Chart Signals High-Timeframe Reset, Not Collapse XRP is currently 
trading near the $1.35 level, a price zone that many market participants 
interpret as a sign of weakness. However, crypto analyst Diana suggests the 
situation may not be as bearish as it appears. According to her, the monthly 
chart shows what looks more like a high-timeframe reset following a major 
rally rather than a market collapse. Related Reading: XRP Price Sets Stage for 
Comeback — Recovery Wave Incoming? From a broader perspective, the overall 
trend structure still appears constructive. The $1.30–$1.35 region is acting 
as a key support zone where price has begun to stabilize. Although momentum 
has cooled, selling pressure appears to be gradually losing strength, and the 
current compression phase could eventually lead to a decisive breakout or 
breakdown. Diana also pointed out that many traders focus heavily on XRP’s 
large total supply and assume it cannot move significantly. However, the 
amount of XRP actively available for trading may be far tighter than widely 
believed. A considerable portion of the supply remains locked, stored off 
exchanges, or held by long-term investors who are not eager to sell, meaning 
that a surge in demand could push prices higher quickly. If XRP holds this 
support zone and reclaim higher resistance levels, the market could begin 
targeting a move back toward $3, with a stronger cycle extension potentially 
opening the door to the $5–$8.50 range. On the other hand, a decisive 
breakdown below this support area could signal the need for a deeper reset 
before any larger bullish continuation develops. XRP Weekly RSI Enters 
Historic Oversold Territory Crypto analyst EGRAG CRYPTO recently highlighted 
that XRP’s weekly RSI is now entering what could be the most oversold region 
in the asset’s history. According to the analyst, this zone has historically 
appeared near major turning points, making it an area that many traders and 
long-term investors are watching closely. Related Reading: Analyst Predicts 
1,500% XRP Price Increase To $15 If This Is A Wave 2 These instances occurred 
in 2014, 2015, 2018, 2020, and 2022. Each time the indicator reached these 
extreme levels, the market was approaching a major macro low before eventually 
shifting direction. The analyst noted that entering this oversold zone does 
not necessarily mean the exact bottom will form immediately. Instead, it often 
signals that the market is moving into the bottoming phase, which resembles a 
final liquidity sweep, sideways accumulation before a gradual recovery begins. 
Thus, EGRAG explained that many experienced investors prefer accumulating 
during such conditions rather than perfectly timing the absolute bottom. With 
XRP’s weekly RSI now approaching this historically significant level once 
again, the key question is whether the current moment represents a risky entry 
point or a potential long-term accumulation opportunity. Featured image from 
Adobe Stock, chart from Tradingview.com

XRP Slingshot Setup Builds As Market Enters Potential Bottoming Phase

Bitcoin holds above $70K as Iran warns oil could reach $200 per barrel amid 
escalating US-Iran conflict shaking global energy markets.
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escalating war appeared first on Crypto Briefing.

Bitcoin holds above $70K as Iran warns oil could reach $200 amid escalating war

Spot XRP exchange-traded funds are attracting strong investor demand even as 
the cryptocurrency’s price fluctuates, signaling growing confidence in the 
asset and expanding participation from both retail traders and major financial 
institutions. Spot XRP ETF Inflows Rise Despite Crypto Price Volatility 
Growing investor inflows into spot XRP exchange-traded funds (ETFs) have 
continued despite volatility in […]

XRP ETFs Defy Price Collapse, Pull $1.4B Inflows as Goldman Sachs Leads Institutional Holdings

SEC and CFTC sign agreement to coordinate regulation, clarify crypto 
oversight, and reduce duplicative rules across US financial markets.
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SEC and CFTC sign agreement to coordinate crypto and market oversight

XRP has had a rough start to 2026, with the first two months of the year 
closing in the red. Right now, XRP enthusiasts are hungry for a bullish 
direction. Interestingly, one analyst thinks he has the full picture. Not just 
a target, but a turn-by-turn roadmap of exactly how the next months will play 
out for XRP. CryptoBull, a closely followed crypto analyst on X, has laid out 
a detailed five-wave projection for XRP that begins right where the market 
currently stands, and the destination is unlike anything most traders are 
prepared for. XRP&#8217;s 2026 Broadening Pattern Roadmap The basis of CryptoBull’s 
roadmap is a five-wave broadening pattern drawn on XRP’s weekly chart. The 
structure on the chart is labeled from A to E and is sitting inside two 
diverging trendlines, forming a wide megaphone-like setup that widens as the 
pattern develops. Related Reading: XRP Price Could Stage 1,500% Rally To $20 
If It Mirrors This 2017 Move Price action on that roadmap indicates that XRP 
has already completed Waves A and B and is now wrapping up Wave C around the 
lower boundary of the formation. The chart shows this decline unfolding from 
the July 2025 $3.65 high marked as Wave B, followed by a long slide into early 
2026. That lower trendline is now the most important support in the entire 
setup because it is the area where the next major pivot is expected to happen. 
XRP is close to ending Wave C and preparing to reverse into Wave D, which is 
not going to be just a small relief bounce. It is a strong advance to the 
upper boundary of the broadening pattern, with the Wave D target placed around 
$5. $5, Then A Gut-Punch, Then $27 According to CryptoBull, Wave C could still 
dip to around $1.10 to form a double bottom before XRP turns higher to Wave D. 
Wave D in this framework targets $5, which would see XRP trading in new price 
territories. However, here is where the pattern gets ruthless. Related 
Reading: Analysts Predict Conservative XRP Price If It Follows 2017 Run Based 
on the projection, Wave E follows the D wave, dragging the price back down to 
$0.78 before the final thrust begins. That final breakout is where the most 
ambitious part of the prediction comes in. Once Waves A through E are 
complete, the analyst projected that the XRP price would surge to $27 in the 
move that follows. Notably, this analysis is based on a purely technical 
standpoint, not looking at XRP fundamentals or examining its related growth in 
traditional finance. The chart is plotted on a weekly timeframe on Bitstamp, 
which means each candle represents one week of price action, and the projected 
path stretches well into late 2026 and the coming years. Therefore, this is 
not a trade for the impatient. At the time of writing, XRP is trading at 
$1.37, down by 1.9% in the past 24 hours. Featured image from Pxfuel, chart 
from Tradingview.com

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