XRP Dives into Rare Oversold Territory, Bottom Debates Spark

XRP has entered rare oversold territory on its weekly Relative Strength Index (RSI), sparking debate among traders about whether it's nearing a bottom.

The token's RSI reading is near historic lows, last seen during its 2022 bear market low. XRP traded around $1.07 after a 24-hour drop of over 3% and weekly losses of about 10%.

Analysts note that the setup is rare, but confirmation still depends on price structure and liquidity.

CryptoSensei said, 'Second time in history touching this zone is wild. Not saying it has to be the bottom, but this is definitely where I stop listening to panic takes.'