XRP trades near $1.29 after a sharp correction pushed the Relative Strength Index over two weeks to its lowest level in the coin’s 13-year history.

This extreme reading reignited the debate over whether XRP has finally found the cycle bottom.

What does this record RSI really mean?

Analyst Cryptollica highlighted the milestone in a widely shared post, noting that the current two-week RSI near 33.5 is below even the values recorded during the 2018 bear market, the 2020 COVID crisis, and the 2022 crypto winter.

The published chart shows XRP still inside a long-term rising channel that has guided the coin through several cycles. The price is currently near the lower boundary of that structure, a region historically associated with strong support.

The analyst argued that the market may be misinterpreting the current moment. Sentiment has plunged and short-term behavior is fragile, but the trend line on larger timeframes has not been broken yet. The analyst noted that almost nobody cares about XRP when the chart signals such heavy wear, even though extremes like this often precede strong recoveries.

EGRAG Crypto pointed to further evidence, noting that XRP’s two-month RSI has returned to a historic zone associated with prior bottom-formation processes, and argued that the cycle’s behavior is more relevant than the exact number.

#XRP – Can You Read the 2M RSI Behavior? :

📒NOTE: Forget the exact RSI number for a moment. Look at the behavior inside the green circles.

Each time, #XRP enters this zone, momentum goes through a similar bottoming process before the next major expansion.

And right now? We… pic.twitter.com/22c0hDM4np

— EGRAG CRYPTO (@egragcrypto) September 17, 2026

Do all analysts believe that XRP found the bottom?

Not everyone agrees that the bottom is confirmed. The technical analyst ChartNerd observed that XRP remains compressed between the 20-week exponential moving average (EMA), near US$ 1.29, and the 50-week EMA resistance, close to US$ 1.52.

A sustained weekly close below US$ 1.29, warned ChartNerd, could pave the way to the psychological level of US$ 1K. Peaks and descending troughs still appear in intermediate timeframes, suggesting consolidation rather than a confirmed reversal.

“Just like it hasn’t been able to hold above the 50-week EMA since the high at US$ 1.70, if XRP shows daily or weekly closes below US$ 1.29, the next support is at US$ 1K. That’s the weight of the recent test at the 20-week EMA. If it doesn’t hold, we’ll have more downside,” said ChartNerd on X.

$XRP Parallel Channel Chop 🔪

Lower Highs – Lower Lows ✅️

All between the 50/20 WEMA's..

Compression Phase ⏳️ #8HR https://t.co/MnpuYMQBEs pic.twitter.com/BHPKeDjh8O

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) September 17, 2026

CrediBULL Crypto offered a more constructive assessment, citing a bottom configuration in which relative strength has already started to improve from recent levels.

XRP is now at a critical technical inflection point. A record RSI, a multi-year preserved structure, and broadly negative sentiment create one of the most heated risk-versus-reward discussions in the current market.

Right at our "bottom zone" so next leg should start soon and target is another 50+% outperformance against $XRP in the short/mid term.

We are already up +35% from the bottom where I shared about the expected outperformance beginning. https://t.co/wNenEW8iA5 pic.twitter.com/OUriCDj3As

— CrediBULL Crypto (@CredibleCrypto) September 16, 2026

Whether this indicator marks a true cycle bottom or just another stage in a long consolidation process depends on how the price behaves from here. Maintaining the long-term structure would reinforce the bottom-reading, while a clear break of US$ 1.29 would shift attention to deeper supports.

The article “This signal on the XRP chart hasn’t happened in 13 years” was first seen in BeInCrypto Brasil.