The XRP price has hit oversold levels, marking its lowest readings in history. A crypto analyst has reported that each time XRP has reached these levels, a price bounce has followed. Based on this, he believes that XRP could be on the verge of another major rebound, projecting a potential rally above $2. XRP Price Sinks To Oversold Levels Ahead Of Rebound A crypto market analyst known as ‘Ripple Bull Winkle’ on X has outlined a short-term bullish outlook for XRP. Despite consistently breaking key support levels and now trading around $1.4, the analyst argues that XRP may be positioning itself for a substantial recovery that could ultimately push its price back above $2. Related Reading: Pundit Says XRP Price Is Not A ‘Crypto’ Question, But A Systemically Important Liquidity Asset The basis for Ripple Bull Winkle’s optimism stems from a recurring historical pattern that, in his view, has never failed to produce a bounce in the XRP price. Specifically, the analyst highlights a repeating Relative Strength Index (RSI) pattern. He announced that XRP recently reached an RSI of 20 on the daily chart, marking the most oversold reading in its history. According to the analyst, every time XRP has entered similarly extreme oversold territory, a price bounce of approximately 15-40% has always followed. He said such rebounds typically occur within two weeks of reaching these levels. He also emphasized that this recovery has not happened occasionally but consistently, reinforcing his confidence that XRP is likely to follow the same pattern and bounce again. If everything plays out as expected, Ripple Bull Winkle projects that XRP could see a relief bounce to $2.20-$2.50 before the end of February 2026. He noted that a rally to this bullish target is the highest-probability event the market has had this year. Analyst Shares Multiple Resistance Targets For XRP Looking at Ripple Bull Winkle’s accompanying price chart, he has marked several key resistance zones using red horizontal lines, indicating areas where XRP may encounter selling pressure or struggle to advance. These levels range from approximately $1.8-$1.91 to $2.06-$2.19, followed by $2.29-$2.41, $2.67-$2.78, and a higher resistance band near $3.10-$3.18. Related Reading: Rising Above The Ashes: XRP ETFs Set New Record Despite Market Crash Collectively, these levels serve as both potential barriers that could slow price movement and upside targets that XRP is expected to reach. The upward-pointing blue arrows in the chart also signal the analyst’s expectation of a bullish breakout or a sustained rally toward the stacked resistance levels if XRP builds enough momentum. As of writing, XRP appears to be recovering from its recent downtrend. Its price has rebounded by more than 10% over the past 24 hours and is currently trading above $1.4 after briefly dipping below $1.3, according to CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com