XRP's Record Low RSI Ratio Spurs Buying Opportunity Amid Institutional Appetite

Ripple's XRP has been experiencing a significant pullback after reaching $1.70 in late August, but one analyst believes this presents an attractive buying opportunity.

The CLARITY Act's failure drove XRP down to around $1.26, and while it has regained some ground, trading at approximately $1.30, the asset is still down about 6% on a weekly basis.

However, according to Cryptollica, XRP's two-week RSI ratio has dropped to 33.5, its lowest point in history, lower than in 2018 during the COVID pandemic and the 2022 bear market.

The analyst notes that sentiment has been destroyed, momentum washed out to a historical extreme, and the asset is being treated as if its story is already over, but this could be where asymmetry becomes interesting.