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- XRP’s Weekly RSI Hits Oversold Level for Only the Second Time in History
- Last Occurrence Led to 1,100% Rally
Overall sentiment: Neutral
Open original · Sam Daodu Thu, July 16, 2026 at 7:48 PM GMT+3 7 min read
Published Jul 16, 2026 · Retrieved Jul 16, 2026
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- XRP's weekly RSI fell below 30 in June 2026, signaling oversold conditions for only the second time ever Newsworthy Reliable Neutral
- The first weekly RSI oversold signal in 2022 marked XRP's bottom at $0.29 before a 1,100% rally starting in November 2024 Newsworthy Reliable Positive
- A repeat 1,100% gain from $1.10 would value XRP near $13, surpassing Ethereum's all-time market cap Newsworthy Plausible Positive
- XRP price has fallen steadily in 2026 from $1.84 in January to around $1.01 at the end of June, its lowest in nearly two years Newsworthy Reliable Negative
- Breaking below the $1.28 support in early June marked a significant decline after months of bouncing between $1.30-$1.45 Relevant Reliable Negative
- Santiment data indicates XRP holders currently hold their deepest average losses on record, suggesting seller exhaustion like in 2022 Relevant Plausible Negative
Type: standard news · Analysis confidence: 95%