XRP RSI Tumbles to Record Low Amid Critical Test of $1.29 Support

XRP's two-week Relative Strength Index (RSI) has hit a record low of around 33.5, surpassing levels seen during previous bear markets in 2018, 2020, and 2022.

This extreme oversold signal has sparked debate about whether XRP is approaching a major cycle bottom or remains vulnerable to further losses.

Crypto analyst Cryptollica notes that despite the weak momentum, XRP remains within a long-term ascending channel that has shaped its price action across several market cycles.

The token is trading close to the lower boundary of this channel, an area that has historically acted as support.

Analyst EGRAG Crypto points out that XRP's two-month RSI has returned to a zone associated with previous market-bottoming phases, and suggests that the behavior of momentum within this region may be more significant than the precise RSI reading.