XRP's Record-Low RSI Triggers Cycle Bottom Debate

XRP has hit a record low on its two-week Relative Strength Index (RSI), which has not happened in 13 years. The token's price is currently around $1.29, after a sharp correction pushed the RSI to its lowest level in history.

This extreme reading has sparked debate over whether XRP has finally found its cycle bottom. Analyst Cryptollica highlighted the milestone, noting that the current two-week RSI of 33.5 has dropped below the lows seen during the 2018 bear market, the 2020 COVID crash, and the 2022 crypto winter.

The accompanying chart shows XRP still sitting inside a long-term rising channel that has guided the asset through multiple cycles. Price currently rests near the structure's lower boundary, an area that has historically provided strong support.