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

XRP defended a key support, and now analysts believe a major breakout (to the upside) is coming. However, not all agree. 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. Consequently, Dark Defender turned highly bullish, indicating that investors should “expect the strongest reversal in history” once XRP reclaims the $1.05 zone, which is still being tested from the downside. Fellow analyst Gerla agreed, noting that the asset just “swept the lows and bounced straight from major support.” He added that t...