XRP Technicals Signal Potential Macro Bottom as Key Support Holds

XRP is showing signs of a potential trend reversal as several technical and on-chain indicators reach levels historically associated with macro bottoms. After an eight-month downtrend, the asset is testing critical support levels that could determine its trajectory for the coming months. The XRP/BTC ratio's Relative Strength Index (RSI) has dropped to 24, the lowest level since October 2025. Historically, such oversold conditions for the ratio have preceded significant breakouts against Bitcoin, with previous rallies ranging from 65% to 345%. On-chain data further supports this outlook, with the MVRV Z-score currently hovering near zero. This level typically suggests that most holders are at a breakeven point, which reduces selling pressure and indicates a potential exhaustion of downside momentum. Additionally, the 0.80 MVRV pricing band, often a marker for cycle bottoms, is currently positioned at $1.14. Market participants are focusing on the $1.25 to $1.30 support zone, where approximately 1.73 billion XRP were acquired. If this level holds, bulls may attempt to push the price toward the $1.61 to $1.70 range. However, a breach below the $1.15 demand zone—which aligns with the 200-week simple moving average—could trigger a sharper decline toward a bear flag target of $0.80.