Analyst says XRP is 'criminally undervalued' as monthly RSI hits 2022 lows

Analyst Doctor Profit has argued that XRP is currently "criminally undervalued," The Crypto Basic reported. He explained that XRP's monthly Relative Strength Index (RSI) has fallen to around 43, a level similar to the bear market bottom in 2022. Doctor Profit noted that in the past, when the monthly RSI reached this range, a price bottom was established, followed by a rebound, suggesting the current level could be a potential buying opportunity. XRP is currently trading at around $1.39, down approximately 24% this year. However, some market participants have raised the possibility of a further short-term decline to under $1, suggesting potential for increased volatility.