XRP has dropped to $1.09, a level that technical indicators call extremely oversold, with its Relative Strength Index hitting 18.64 — deep into territory that often signals a potential bounce. But the pain is acute for retail traders: 70% of long positions are now underwater, according to exchange data.
Oversold Reading Not a Guarantee
The RSI of 18.64 puts XRP in a zone that typically precedes a short-term relief rally. Some analysts point to a possible move toward $1.20 resistance before a retest of the $1.00 support level. But an RSI this low doesn't always mean an immediate turnaround — markets can stay oversold longer than traders expect, especially when sentiment is as beaten down as it is now.
Majority of Retail Longs Are Losing Money
The 70% underwater figure for retail long positions underscores the lopsided bet against price action. Many of those positions were likely opened at higher levels during XRP's recent run, and the slide below $1.10 has left them in the red. Forced liquidations around key support zones could add to selling pressure if XRP slips further.
What Comes Next — $1.20 or $1.00?
From a technical perspective, the $1.00 level is the next major floor. A break below that would likely trigger another wave of stops and liquidations. On the upside, $1.20 is the near-term resistance that any relief rally will need to clear. The question now is whether the oversold condition can generate enough buying interest to push XRP back toward that level, or if the momentum carries it straight to a test of the psychological $1.00 mark.
