XRP's recent correction to $1.29 has triggered a historic technical anomaly, with its two-week Relative Strength Index (RSI) reaching its lowest point since the asset began trading 13 years ago. This record-low reading serves as a direct answer to whether the token is oversold: on a macro timeframe, XRP is currently in its most undervalued state ever recorded by this momentum oscillator. Traders typically view such extreme RSI levels as a precursor to a significant price reversal, suggesting that the current $1.29 level may act as a firm floor for the remainder of the year.
The signal was highlighted by market analysts, including Cryptollica, who pointed out that the 13-year low represents a complete exhaustion of bearish momentum. For US-based investors, this technical milestone is particularly significant as it occurs in a 2026 market environment characterized by higher institutional participation. Historically, when a top-ten cryptocurrency hits record-low momentum readings while maintaining essential price support, it attracts large-scale accumulation from buyers looking for a cyclical entry point.
While the technical data points to a bottom, the broader implications depend on current market stability and liquidity. Unlike previous volatility spikes in 2021 or 2022, the 2026 crypto landscape is more sensitive to macroeconomic shifts and US interest rate policies. The fact that XRP is hitting these lows now suggests that the "weak hands" have been shaken out, potentially clearing the path for a recovery if the $1.29 support zone continues to hold against further sell-side pressure.
Investors and technical traders should now watch for a "bullish divergence" on shorter timeframes or a definitive crossover back above the 30-level on the two-week RSI to confirm the trend reversal. If XRP manages to stabilize here despite the record-low RSI, the next phase will likely involve a period of consolidation followed by a test of psychological resistance levels. However, if price action breaks below $1.20 despite the oversold signal, it could suggest a deeper fundamental shift in the asset's market structure.