June 06, 2026 ChainGPT

XRP's Monthly RSI Hits Record Low 41.6 — June Close Could Erase the Signal

XRP's Monthly RSI Hits Record Low 41.6 — June Close Could Erase the Signal
XRP’s monthly Relative Strength Index (RSI) has slid to a new record low for the token, clocking in at roughly 41.6 — below the 43.75 reading seen during the March 2020 crash when XRP hit $0.11. That makes this the weakest monthly momentum reading XRP has ever printed, at least so far. Why it matters — and why it may not be final - The RSI drop was first flagged publicly by XRP commentator Austin, who posted an initial chart showing the indicator at 42.64 as XRP traded near $1.18. Prices have since eased further, pushing the monthly RSI down to about 41.6 while the token trades around $1.10–$1.11. - Important caveat: June’s monthly candle is still open. If XRP rallies above roughly $1.30 before month-end, the RSI could rebound and erase the significance of this “record low” reading. In short, the signal is notable but not yet confirmed. Historical context - The only close precedent comes from 2020, when the monthly RSI bottomed alongside a price floor. After that low, XRP staged a multi-month recovery — reaching $1.96 in April 2021 and later surging to $3.40 in November 2024 (a roughly 580% gain from that cycle’s October lows). - While history doesn’t guarantee a repeat, the 2020 example shows that deeply depressed momentum can coincide with the start of an extended recovery. Market backdrop and price pressure - XRP’s current price sits about 61% below its October 2025 high of $2.84, a decline that has unfolded over several months without a sustained bounce. - Market-wide weakness has added pressure: Bitcoin dipped toward $63,000 after Strategy — the firm linked to Michael Saylor — confirmed a sale of 32 BTC from its massive holdings, and the total crypto market cap fell by roughly $330 billion over the week. - XRP’s market cap contracted from about $82.5 billion at the week’s start to roughly $69 billion at the time of reporting, a decline of around 15%. Its current price levels revisit those seen in early February. Technical note - RSI measures the speed and magnitude of recent price moves; a reading under 30 is traditionally considered oversold. XRP’s monthly RSI at ~41.6 remains above that threshold but is its weakest monthly momentum reading on record. What to watch - Whether the June monthly candle closes near its current RSI level — or whether a recovery above $1.30 before month-end lifts the indicator. - Broader market direction (Bitcoin flows and total market cap) and any fresh buying in XRP that would put pressure on the RSI to reverse. This record-low monthly RSI is an attention-grabbing signal for traders and investors, but its practical importance depends on June’s close and whether broader market conditions begin to stabilize. Read more AI-generated news on: undefined/news