The two-week Relative Strength Index (RSI) for XRP has reached approximately 33.5, marking its lowest level in the 13-year trading history of the asset. This indicator has fallen below the levels recorded during the 2018 bear market, the 2020 COVID crash, and the 2022 crypto winter.
XRP is currently trading near $1.29. The asset remains within a long-term rising channel, with its price positioned near the lower boundary of this structure. Analysts suggest this area has historically served as a significant support level for the token.
Market opinions on the current trend remain divided. Some analysts point to the RSI data as a potential indicator of a cycle bottom. Others note that the price is compressed between the 20-week EMA at $1.29 and the 50-week EMA resistance at $1.52.
Technical warnings indicate that a sustained weekly close below $1.29 could lead to further declines toward the $1.00 level. Intermediate timeframes continue to show lower highs and lower lows, suggesting that the asset is currently in a consolidation phase.
