AI XRP Price Forecast Turns Bullish As This Indicator Hits Extreme Oversold Levels

XRP’s latest decline has brought its price back toward a support level that has repeatedly interrupted selling since August. Vincent Van Code’s automated analysis now points to an oversold reading that could open the door to a recovery. The question is whether buyers can turn that opportunity into a meaningful bounce.

The bullish part of this AI XRP price forecast comes from an indicator that measures how heavily the token has been sold. Other readings remain bearish, so the recovery case still needs confirmation from price action. XRP’s next move around familiar support could help settle that debate.

Vincent Van Code’s AI XRP Price Forecast Identifies Extreme Oversold Conditions

Vincent Van Code shared an automated XRP assessment through his Vancode.ai research platform. The supplied snapshot placed XRP price near $1.29, down 0.65% over 24 hours, alongside a volume reading of 38,581,909.

The strongest argument for a bounce came from the Relative Strength Index. XRP’s RSI measured 17.35, well below the commonly used oversold threshold of 30.

That reading shows how heavily recent price action has favored sellers. It can precede a relief rally, although an oversold indicator cannot establish that a bottom has formed. Strong downtrends can keep an asset oversold even after an initial recovery attempt.

Van Code’s model assigned its RSI assessment an 80% bullish score. That figure represents the tool’s classification of the indicator, rather than an independently verified 80% probability that XRP price will rise.

The broader automated output centered on $1.28, plus or minus $0.03, with a stated strength of 60%. That range describes a relatively narrow price projection and does not establish a larger bullish reversal.

XRP Price Indicators Still Show Persistent Selling Pressure

The oversold RSI stands against several bearish readings in Van Code’s analysis. XRP price remained below its listed exponential moving averages, which ranged from approximately $1.31 to $1.32.

Those levels create an immediate recovery test. A bounce toward that area would need enough demand to carry XRP back above the averages and prevent another rejection.

The MACD reading remained negative, although its histogram had become less negative than the previous reading. That points to a possible slowdown in bearish pressure, without confirmation that buyers have taken control.

Recent hourly candles also formed lower highs and lower lows. Larger volume accompanied price declines, and smaller recoveries attracted weaker volume in the supplied assessment.

These conditions explain why the bullish XRP price forecast needs careful interpretation. The RSI supports a potential rebound, but the broader evidence still describes a market under selling pressure.

XRP Price Support At $1.26 Has Repeatedly Produced Recoveries

A look at the XRP price structure described in the supplied analysis shows repeated recoveries from around $1.26 since August. Similar bounces appeared in mid September and mid October, which makes the latest return to this area especially relevant.

XRPUSD Price Chart / TradingView.com

The latest decline could also produce a 3rd consecutive red daily candle. That would bring XRP back toward familiar support after another stretch of weakness.

Repeated defenses give $1.26 a clear role in the recovery scenario. However, previous bounces do not guarantee another successful defense, particularly if sellers continue to press the level.

The main levels in the supplied analysis are:

  • $1.26 support: Buyers need to defend this area to preserve the immediate bounce scenario.
  • $1.31 to $1.32 resistance: The listed moving averages create an early test for a recovery.
  • $1.39 resistance: Van Code identified this level as a further barrier above the current price.

A recovery through these levels would provide stronger evidence than the oversold RSI alone.

Read Also: Gold and Silver Price Predictions for Today (October 24) – Crash Continues?

Losing $1.26 Could Expose XRP Price To Deeper Declines

The bearish scenario becomes more relevant if XRP breaks below $1.26 and fails to recover that level. The supplied price analysis identifies $1.15 to $1.14 as the next potential support zone.

A further breakdown below that area could expose XRP price to $0.99 before the end of the month or early next month. That remains a conditional scenario, not a confirmed destination or a separate forecast from Van Code’s model.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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