XRP Weekly & Monthly RSI Drop Below 2020 Lows — Potential Accumulation Signal

XRP’s weekly and monthly Relative Strength Index (RSI) has fallen below levels seen at the 2020 crypto bottom, a rare signal that may indicate seller exhaustion and the start of an accumulation phase. CoinCodex data cited by analyst DavidTheBuilder shows these extended RSI lows while XRP trades around $1.42–$1.50, with immediate support identified near $1.37–$1.41 and resistance near $1.54. Despite broader market weakness in Bitcoin and Ethereum, XRP has recently reached a five-week sentiment high and is forming higher lows — technical signs consistent with early-stage recoveries. Traders should note the setup: historically low weekly/monthly RSI, stable price ranges suggesting supply absorption, and divergence from major-cap consolidation. This combination can precede strong rebounds, but short-term price action remains cautious and dependent on confirmation above resistance and continued support retention.
Bullish
The drop of XRP’s weekly and monthly RSI below the 2020 lows is a contrarian technical signal that often marks selling exhaustion and can precede accumulation from patient buyers or institutions. Coupled with price stability in the $1.42–$1.50 range, well-defined support ($1.37–$1.41), resistance (~$1.54), and the formation of higher lows, the setup favors a bullish outlook if price holds support and breaks resistance. Historical precedent (XRP’s 2020 RSI lows followed by a rally) supports the possibility of a significant rebound. Short-term impact: cautious bullish — traders should wait for confirmation (sustained move above $1.54 and increasing volume). Long-term impact: bullish conditional on macro crypto market recovery and continued on-chain/adoption fundamentals; if broader market risk-off resumes or support fails, the signal would be negated and lead to renewed downside. Overall, the news increases XRP’s attractiveness for traders seeking asymmetric risk-reward setups but requires disciplined risk management and confirmation.