XRP Weekly RSI Falls Below 30 for Only Second Time in 12 Years

XRP's weekly Relative Strength Index (RSI) has fallen below 30 for only the second time in 12 years, sparking hopes of a big rally. The last time this happened, XRP climbed from $0.30 to over $3.60, with a gain of more than 1,100%.

According to entrepreneur and crypto trader Lark Davis, XRP's weekly RSI has dropped into oversold territory only twice since its launch. The first time was during the 2022 bear market, when the weekly RSI fell to 28.09 after heavy selling pushed the price from $0.8519 to a June 2022 low of $0.2905.

The second time came in June 2026, when the weekly RSI dropped to 29.6. At that time, the XRP price fell from a high of $1.34 to a low of $1.020.

Looking at the XRP monthly chart, it shows early signs that selling pressure may be slowing down. According to Coinpedia's analysis, XRP appears to have completed the fourth leg of its correction and could now be preparing for a fifth wave higher.