XRP News Today: XRP Surges 100% in a Month, But Overbought Concerns Loom

XRP’s recent surge has been remarkable, with the cryptocurrency nearly doubling in value over the past month. However, this rapid ascent has raised concerns about the sustainability of its momentum. The Relative Strength Index (RSI) for XRP is nearing 90, indicating that the asset may be overbought and due for a correction. This situation is reminiscent of the election squeeze, where XRP experienced a significant pullback after reaching similar levels.

The XRP/BTC chart shows a strong performance, with the ratio rising by 30% in under two weeks. This outperformance is similar to the election rally, where Bitcoin was range-bound below its then-historic $100k mark. However, during that period, Bitcoin pushed nearly 10% higher to tag $108,230, while XRP saw a sharp 35% pullback. If history repeats itself, we could be nearing another rotation point back into Bitcoin, which could put XRP’s recent gains at risk.

Currently, Bitcoin is coiling just below its new all-time high at $122k, spending a third straight day ranging between $116k and $120k. Meanwhile, XRP is pushing into overbought territory, with overheated momentum and RSI pressing extreme levels. If Bitcoin catches a breakout bid, XRP could face another rotation-led pullback.

XRP’s breakout is picking up pace, now approaching the $3.15 supply wall. Realized profits are ramping, with nearly $1.5 billion in gains locked in over the past three days alone. However, price action hasn’t flinched, which speaks to strong bid support underneath. Over the last two weeks, 2.2 billion XRP have flowed into the network’s most dominant holder class, with their collective stack topping 10.85 billion XRP, a level not seen since 2023.

Despite the strong support, the chart shows about 1.15 billion XRP already rotated out, signaling profit-taking. Derivatives data shows nearly $4 billion in new positions added this week alone, pushing XRP’s Open Interest (OI) to a record $9.24 billion. If the XRP/BTC playbook repeats, a deleveraging flush could be next, putting the $3 level at risk. It’s holding for now, but a clean reset wouldn’t be surprising before any real shot at reclaiming the ATH.