XRP Hits Its Most Oversold Levels Ever: Has the Bottom Finally Arrived?
XRP trades near $1.09 after analysts flagged monthly momentum readings more extreme than the 2020 COVID crash, reviving debate over whether the bottom has arrived.
The token sits roughly 72% below its record high, leaving traders split on what comes next.
The Technical Signals Behind the Oversold Debate
The Relative Strength Index (RSI) measures whether an asset has been bought or sold too aggressively over a given period. Readings below 30 typically signal oversold conditions worth watching.
Analyst Ash Crypto noted that XRP's monthly reading has fallen below levels recorded during the March 2020 collapse. The token also touched a two-year low near $1 last month.
Crypto analyst ChartNerdTA highlighted a separate signal entirely. XRP appears to be interacting with the middle regression band of its Gaussian channel, a zone that preceded extended accumulation ranges in earlier cycles.
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