Analyst Expects XRP’s Strongest Price Reversal Ever, but Polymarket Disagrees

Perhaps due to the delay of the CLARITY Act at the end of the week, Ripple’s cross-border token slipped to a major support level at just over $1.00, and questions arose whether a dip below that line is only a matter of time.

However, it has managed to remain above it during the weekend, and now a few analysts have noted that a major rebound is coming. One even called it ‘the strongest in history.’ Will XRP Bounce Immediately?

The asset’s slip to $1.02 on Friday pushed its RSI into a highly oversold area, which, according to popular analyst Dark Defender, means that the indicator has bottomed on the weekly timeframe.

They explained it as the sub-wave structure within the Grand Wave, suggesting the completion of the major correction.