Analyst Opens XRP Long After Rare Oversold Signal .Can Price Rebound From $1.40?

• Crypto analyst Doctor Profit opened a long position in XRP.
• XRP trades near $1.40 after a recent pullback.
• The analyst expects a short term rebound before a larger market move.

Analyst Opens XRP Long Position

Crypto analyst Doctor Profit revealed a new long position in XRP after the token’s latest correction.

He shared the update on X. According to the analyst, he entered the trade near $1.34.

At the time of writing, XRP trades around $1.40. The token is down roughly 2% in the past 24 hours but still shows small gains for the week.

The analyst believes the market may see a short term relief rally before another larger move.

Oversold RSI Signals Possible Rebound

Doctor Profit described XRP as “criminally undervalued.”

His analysis focuses on the Relative Strength Index (RSI). This indicator measures whether an asset is overbought or oversold.

According to his chart, XRP’s RSI has dropped to levels last seen during the 2022 crypto bear market.

Historically, such readings often appear near market bottoms. Some traders use them as potential reversal signals.

Data platforms like CoinMarketCap show XRP recently climbed to $1.45 before pulling back to the current range.

Key XRP Support Levels to Watch

The analyst highlighted an important support zone between $1.30 and $1.37.

Buyers previously entered the market near this range. If the support holds, XRP could attempt another short term move higher.

However, the analyst also warned that the broader market may still face pressure.

He continues to hold multiple positions in Bitcoin. These include spot purchases near $60,000 and $68,000. He also maintains a short trade targeting $115,000–$125,000.

The wider crypto market remains uncertain. Global tensions and macroeconomic pressure continue to influence investor sentiment.

Despite this uncertainty, oversold indicators are attracting trader attention.

If buying momentum returns, XRP could see a temporary rebound from current levels.

Traders are now watching whether the token can maintain support near $1.30–$1.37.