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Coinpaper 2026-04-10 11:19:41

XRP’s 63-Day Grind Hits Breaking Point — RSI Flashes Oversold Across Higher Timeframes

XRP Compression Hits Breaking Point After 260-Day Downtrend XRP has been stuck in an uncomfortable phase for traders, having endured extended compression with no clear direction. Market analyst Archie notes that the asset has now spent 63 days grinding sideways while repeatedly holding the February low, extending a more than 200 day downtrend and nearly 260 days of broader compression. As a result, the market structure now looks less like consolidation and more like a coiled spring, building pressure with every failed breakout and breakdown. What stands out in the current phase is the way price is being carved up inside the range. Instead of a clear trend, XRP is moving through a choppy sequence of lower lows, higher highs, higher lows, and lower highs. What does this typically signal? Well, it shows a market absorbing sell pressure while still struggling to generate enough demand for a decisive breakout. In effect, price is coiling tighter, with equilibrium steadily compressing. Momentum indicators are reinforcing the same narrative. The relative strength index (RSI) has reset sharply across major timeframes, now sitting in oversold territory on the daily, weekly, and even monthly charts. While oversold conditions don’t automatically trigger reversals, they do show that downside momentum is fading rather than intensifying. At the very least, it points to a market that is stretched and consolidating, not one still in active trend expansion. XRP Compression Tightens as Volume Vanishes XRP is trading at $1.34 per CoinCodex, but that price point is just a slice of a much larger compression range rather than a defining level. The real signal isn’t the price itself, it’s the underlying liquidity conditions, which are adding a deeper layer to the setup. Binance volume Z-score has dropped to near zero, a rare reading that signals a major decline in trading participation. Historically, these low-volume phases don’t last long, markets eventually exit inactivity with a sharp volatility expansion once positioning resets and liquidity thins out. Additionally, XRP’s on-chain profitability has fallen to a 21-month low, leaving a large share of holders underwater. This kind of setup typically pressures short-term conviction, forcing weaker participants out while longer-term holders either accumulate quietly or wait for a turnaround. Ultimately, prolonged downtrend, tight compression, fading volume, and exhausted momentum, all point to XRP possibly gearing up for its next move.

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