XRP Price Alert: Relief Rally Ahead or a Break Down to $1.47?

XRP Price Bounceback Likely
XRP price is trading near $1.62 at the time of writing, sitting below the $1.70 resistance. The altcoin has remained in a steady downtrend since early January. Last week’s 16% decline reinforced bearish structure, keeping XRP below key moving averages and limiting upside momentum.
However, these two factors suggest a short term rebound remains possible. The first is that the short term holder losses appear saturated, lowering distribution risk. The second is that momentum indicators show XRP is oversold, increasing the probability of a technical bounce toward $1.79
The Money Flow Index currently sits near the oversold threshold. A decisive dip into oversold territory often precedes reversals. In a similar setup previously, XRP surged 14% within 48 hours. If broader market conditions rem$$ain supportive, a comparable reaction could unfold during this recovery attempt.
However, downside risk persists if bullish momentum fails to materialize. A rejection below $1.70 may expose XRP to renewed selling pressure. Under this scenario, the price cou$ld fall to $1.54 or even $1.47. Losing these support levels would invalidate the bullish thesis and extend the ongoing decline.
While many traders are selling because of the recent 16% drop, whales seem to be doing the opposite and buying these $1.50–$1.60 levels.
Historically, the best time to see a turnaround is when everyone else is convinced the price is going to zero. With the sellers out of steam now, the pat of least resistance is actually back up. If the price can just hold steady above that $1.54 for a little longer , it builds a solid floor for the next leg up.
‍$XRP #CryptoMarketPullback