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XRP rebounds against Bitcoin after hitting oversold levels, signaling potential recovery.

Market News
08 Aug 2026
UToday
View Source
Bullish
XRP rebounds against Bitcoin after hitting oversold levels, signaling potential recovery.

XRP reversed its decline against Bitcoin after five days, bouncing back from oversold conditions indicated by the RSI dropping to 25 before recovering to 35. This rebound suggests XRP might be regaining strength relative to Bitcoin, though the RSI remains bearish. Additionally, XRP's open interest rose 7% to $2.52 billion, indicating increased trader interest amid recent developments in Ripple and the XRP Ledger ecosystem. These factors combined hint at a possible recovery phase for XRP against Bitcoin if momentum continues.

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