Key Points:
XRP rebounded 66% from a low of $2.58, with trading volume surging 35% and strong bullish positions, increasing its market cap by $75 billion.
The oversold weekly Stoch RSI indicator shows potential for a bullish reversal.
XRP's price must break through the resistance levels of $2.70 to $2.96 to initiate the next wave of upward movement.
XRP fell below $2 on Friday, hitting a 10-month low of $1.58 on the Bitstamp exchange. This was triggered by U.S. President Donald Trump's announcement of a 100% tariff on Chinese imports, causing significant volatility in the crypto market.
XRP's price has successfully reclaimed most of its losses. Today, it rose over 7%, with its market cap recovering to $75 billion since the crash.
As a result, XRP's price and market cap have rebounded 13% in the past 48 hours, recovering 66% from Friday's low and reaching an intraday high of $158.5 billion on Monday.
This recovery has also allowed XRP's price to rise above the 200-day simple moving average (SMA) (purple line). This trend line provided support during the market crash in April, after which the price increased by 54%.
XRP's daily trading volume has surged over 35% in the past 24 hours, reaching $11.5 billion, indicating traders' aggressive bottom-fishing behavior as they reposition for the next macro catalyst.
Bullish sentiment has also emerged in the derivatives market, with trading volume surging over 44% in the past 24 hours to $12.2 billion, while open interest increased by 7.6% to $4.1 billion as prices warmed up.
The Stochastic RSI indicator on the weekly chart is extremely oversold, sitting at 8, suggesting a potential rebound.
The Stochastic RSI is a momentum indicator that measures the relative strength index's value over a period relative to its high/low range, helping traders identify overbought and oversold conditions as well as potential reversals.
Past instances indicate that such oversold levels of the Stochastic RSI typically foreshadow a sharp rise in XRP's price. This altcoin surged 486% between November and December 2024 and 91% between June and August 2025.
"The weekly Stoch RSI for XRP has reached oversold levels again, indicating a strong bullish reversal is imminent," analyst Chart Nerd stated in a post on X on Friday, adding:
XRP currently faces resistance at $2.70 to $2.80, which was previously a support area and is a key zone where approximately 3.8 billion XRP were acquired according to Glassnode data.
Another upward level to watch is the supply zone at $2.88 to $2.95, where both the 50-day and 100-day simple moving averages are currently located.
For analyst CryptoBull, the weekly close above the rising trend line in 2025 indicates that XRP remains "extremely bullish."
XRP closed the week above year long uptrend. Extremely bullish! pic.twitter.com/Y0TZai7YPM
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Original article: “XRP Price Rebounds 66% After Crash, Market Cap Returns to $75 Billion”
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