XRP Price at $2.78 Tests Support as RSI Turns Oversold

Ripple’s XRP token is currently trading around $2.78, following a 1.5% drop in the past day. The price is now testing its support level of $2.71, with the Relative Strength Index (RSI) on the 4-hour chart showing oversold conditions at 39.28. This comes as resistance levels near $2.83 remain strong and limited liquidity below this price point limits immediate downside risk. The current market activity revolves around whether or not XRP can maintain its position above the critical $2.71 support level. The recent retest of this level aligns with the RSI showing oversold conditions on the 4-hour chart, indicating a potential for short-term price fluctuations.