XRP Monthly RSI Reaches Most Oversold Reading on Record After 72% Decline From All-Time High
XRP's monthly Relative Strength Index has fallen to its most oversold level ever recorded, surpassing even the readings seen during the 2020 COVID market crash. The asset is reported to have hit a two-year low near $1 in the prior month and remains down approximately 72% from its all-time high. The technical readings are drawing attention from market watchers as an extreme data point in the asset's price history.
XRP's monthly RSI has reached a level described as the most oversold in the asset's recorded history, exceeding the readings generated during the COVID-driven market crash of March 2020. The asset touched a two-year low near $1 in the prior month and has declined approximately 72% from its all-time high.
The monthly RSI is a widely watched technical indicator that measures the speed and magnitude of price changes over time. Readings at extreme oversold levels have historically been associated with periods of price exhaustion following prolonged declines, though they do not by themselves predict a reversal.
The comparison to the 2020 COVID crash is notable because that period represented one of the sharpest and most abrupt declines in crypto market history. The fact that current monthly RSI readings are more extreme than that event underscores the depth of the current drawdown for XRP on a longer time horizon.
This data point is being circulated among XRP observers as a factual marker of where the asset sits technically, independent of any view on future price direction. It represents one of the more concrete quantitative observations available about XRP's current position relative to its own historical range.
Key facts
- •XRP monthly RSI is at its most oversold level ever recorded
- •The reading exceeds oversold levels seen during the 2020 COVID crash
- •XRP is down approximately 72% from its all-time high
- •XRP touched a two-year low near $1 in the prior month