Crypto analyst Austin Hilton is warning XRP investors about the current market situation in a video he shared on X. He states that the price is under heavy pressure and could still decline further in the short term. At the same time, he notes that the token appears oversold, which suggests a potential rebound may occur later. Hilton explains that Bitcoin’s moves here are significant because XRP usually follows the bigger market. 

XRP Faces Bearish Pressure As Market Stays Oversold

Hilton focuses on the XRP price trading near $2.75, and the Relative Strength Index (RSI), which, according to him, indicates the token is oversold. Being oversold can often mean a recovery is possible later, but Hilton makes it clear that investors should not expect it immediately. The short-term outlook remains negative, and if Bitcoin declines, XRP is likely to follow suit.

Bitcoin is trading near $109,000, and analysts warn it could slide to $103,000 or $105,000, with $100,000 seen as the worst-case level. Hilton warns that if Bitcoin drops toward those lower levels, the altcoin will almost certainly lose more value as well. Bitcoin’s path is the key factor that will decide XRP’s next move.

Hilton also considers the broader market, which now stands at about $3.75 trillion, and advises traders to use RSI readings to determine if assets are overbought or oversold. Currently, most readings indicate an oversold market. That means a comeback could happen, but Hilton believes the current weak stage will last longer before momentum changes.

Another red flag Hilton mentions is the expiration of massive crypto options contracts. He points out that appro

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Author: Sandra White