Analyst Calls XRP 'Most Oversold in 14-Year History' on Monthly Chart
A widely followed analyst has flagged XRP as the most oversold it has been across its entire 14-plus year history when viewed on the monthly chart. On-chain data showing coins held at a loss is also near historical lows, a level some analysts associate with proximity to a market bottom. The $8.00 price target cited in associated reporting reflects the bullish framing of these technical and on-chain signals.
A prominent market commentator has described XRP as sitting at its most oversold reading in over 14 years when examined on the monthly timeframe. The observation is grounded in standard technical oscillator analysis applied to the long-term chart, and is presented alongside a widely circulated $8.00 year-end price target attributed to an unspecified popular analyst.
Supporting the oversold thesis, on-chain data indicates that the proportion of XRP supply currently held at a loss is near historically low levels. Some analysts treat this metric as a proxy for seller exhaustion, with the implication that downside pressure may be limited from current levels.
The commentary stops short of declaring a confirmed bottom, noting that the readings are not yet at the extreme threshold certain analysts prefer before making that call with high confidence. The characterization is that conditions are "knocking right on the door" of that zone rather than firmly inside it.
The $8.00 year-end figure is attributed to an external analyst report rather than being an original forecast from the source. No specific methodology, timeframe breakdown, or fundamental catalyst is cited in connection with that target.
- Key technical signal: monthly chart oversold reading described as a 14-year extreme
- On-chain signal: coins held at a loss near historical lows, though not at the most extreme prior readings
- Price target of $8.00 by year-end is sourced from a separate analyst report, not independently verified here
Key facts
- •XRP described as most oversold in 14-plus year history on the monthly chart
- •On-chain coins-at-a-loss metric near historical lows
- •Readings not yet at the extreme threshold some analysts require to confirm a bottom
- •$8.00 year-end price target attributed to a separate, unnamed analyst report