XRP is testing a rare oversold signal on the weekly Relative Strength Index for only the second time in its history, a setup that previously preceded one of the token's strongest recoveries.
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XRP slides 2.8% to $1.04 as weekly RSI hits oversold since 2022
XRP is testing a rare oversold signal on the weekly Relative Strength Index for only the second time in its history, a setup that previously preceded one of the token's strongest recoveries.
XRP fell 2.8% to $1.07 during the 24-hour session through 04:30 UTC on June 25, losing the $1.0850 support level on a volume surge of 117.26 million XRP, according to CoinDesk data. The breakdown pushed the token toward the lower end of its June trading range, with the weekly RSI sinking into oversold territory for the first time since the 2022 bear-market bottom near $0.29.
"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," analyst CryptoSensei said. CryptoQuant data shows XRP whale flows on the 90-day moving average have stayed positive throughout the quarter at 5.143 million XRP per day, indicating consistent net accumulation by large wallets rather than distribution.
The selloff accelerated after XRP broke below $1.0850 at 13:00 UTC, with sellers driving the token to an intraday low near $1.0446 before a modest rebound. The recovery was weak — volume faded quickly and XRP failed to challenge the breakdown zone, with rallies stalling near $1.073 to $1.075. Binance withdrawal transactions have exceeded deposits for seven consecutive days since June 17, with the seven-day withdrawal share climbing to 53.8% on June 23, its highest since June 2024, per CryptoQuant. Despite the exchange outflows, spot XRP ETFs recorded $2 million in net inflows on June 24, lifting June's total to $31 million and cumulative inflows since April to $243 million.
The $1.05 to $1.07 band now serves as XRP's last major support before the psychological $1 level, a threshold the token has not traded below since November 2024. A break below $1 would open the fair value gap between $1 and $0.63 created during the late-2024 rally, according to Cointelegraph data. Bulls must reclaim $1.0850 and then $1.10 to suggest the latest breakdown was a shakeout rather than the start of a deeper correction.
The technical setup carries a stronger fundamental backdrop than the 2022 bottom. Ripple's legal clarity with US regulators removed a major overhang, opening the door to expanded cross-border payment partnerships and growing real-world asset tokenization activity on the XRP Ledger. Institutional demand has also added support, with spot XRP ETF inflows reaching $243 million cumulatively since April.
XRP has declined 43% year-to-date, touching $1.01 on June 25 — its lowest price of 2026. The token remains among the top cryptocurrencies by market capitalization at approximately $66.2 billion, according to CoinGecko.
Black Swan Capitalist founder Versan Aljarrah continues to focus on the longer-term chart, arguing that XRP has spent years building a large accumulation range with higher lows on both weekly and monthly timeframes. Extended consolidations often produce stronger breakout moves, with the analyst targeting $10, representing a 900% increase from the current price.
For traders, the immediate focus remains on whether buyers can defend the $1.05 to $1.07 zone. A failure to hold that band would shift attention to the $1 level, while a move back above $1.10 would signal that selling pressure is exhausting.
This article is for informational purposes only and does not constitute investment advice.
[1] XRP Quietly Loses Its Last Line of Support[2] XRP slides 2.8% as weak bounce keeps $1 support in focus[3] XRP risks drop below $1, but onchain data highlights silver lining[4] Bitcoin implodes to $59,000, takes down Ethereum, XRP, Dogecoin in $1 billion liquidation wipeout[5] XRP Tests Historic Oversold Levels Echoing the 2022 Bottom
