Technical analysis by Jayed about Symbol XRP: Buy recommendation (2/6/2025)

The daily RSI assessment is primarily based upon the fact that the last time XRP's RSI was this low was before the election when price was only $0.49; yet the price is currently $2.34.This is not a bottom call at $2.34, there's still a strong chance the price could collapse as much as another 33%, to around $1.58 before the relief rally. However, the broader pullback the crypto market is experiencing is an obvious over-reaction by low disciplined speculators. As such, the odds of XRP rebounding back above $3 in the next 3-6 months (yielding a comfortable 28% ROI) is extremely high (around 70-80% likelihood).The hourly RSI has also diverted from price; setting a double bottom, while XRP's price has slipped to a lower low; providing a strong short-term indicator that the price trend is about to reverse (maybe not back above $3 in the short term, but high probability of returning to +$2.80/20% gain.)These rebounds are worst case scenarios, best case scenario this is a price range where your entry could easily 2-3x later in the year assuming the US confirms it will be buying up several cryptocurrencies for the newly created US Sovereign Wealth Fund/Strategic Digital Asset Reserve.