The cryptocurrency market is watching XRP closely after new technical indicators began flashing oversold signals, even as many traders continue aggressively shorting the asset, News.az“>News.Az reports, citing Blocknews.

According to market analysts, XRP is entering a critical phase where bearish sentiment dominates trading activity, but technical indicators suggest a potential rebound may be forming.

XRP has been under pressure for months. The token has dropped sharply from its 2025 highs above $3 and recently traded near the $1.3–$1.4 range, reflecting sustained selling pressure across the crypto market.

At the same time, traders in derivatives markets have increasingly opened…