XRP’s monthly Relative Strength Index (RSI) has slipped into a rare “reset” zone that has coincided with major rallies in past cycles, according to market analyst Cryptollica. The setup, shared on June 1 via X, aligns with a long-running technical structure that the analyst says has guided XRP’s price action for nearly a decade and could precede a significant move if history rhymes.
Monthly RSI Enters Rare Reset Zone
Cryptollica reports that XRP’s monthly RSI is around 42, a level the analyst characterizes as a deep reset zone observed only a handful of times in the asset’s history. While traditional technical analysis often views RSI readings below 30 as oversold, the analyst notes that similar low-40s readings appeared during the 2014, 2017, and 2022 cycles—and now again in early June 2026—each time preceding a strong rally after prolonged consolidation and drawdowns.
The analyst adds that an earlier cycle (2013) showed a comparable pattern: a lengthy consolidation in a tightening triangle, repeated tests of support, an RSI reset, and then a breakout that established new cycle highs.
Triangle Within Ascending Channel Since 2017
Per the shared chart, XRP has been tracking a long-term ascending channel since 2017, with a large triangle pattern developing inside it. The price has tested the channel’s lower boundary three times over this span, most recently following a pullback from 2025 highs near $3 (as depicted in the analyst’s chart). Price action is now nearing the triangle’s apex, while the monthly RSI trends lower—conditions the analyst likens to earlier cycle bottoms.
Upside Scenarios and Key Levels
If the historical pattern repeats, Cryptollica outlines the following scenario-based targets:
- First major target: above $14 at the upper boundary of the long-term channel.
- Extended move: toward $26 if momentum persists.
- Projected cycle peak: up to $50 under a maximal bullish outcome.
These projections depend on confirmation signals such as a decisive breakout from the triangle, sustained momentum, and broader market conditions. Technical indicators and historical analogs do not guarantee future performance, and volatility around inflection points can be elevated.
Background: What Is XRP?
XRP is the native digital asset of the XRP Ledger, a decentralized blockchain designed for fast, low-cost value transfers, including cross-border payments. XRP is distinct from Ripple, the company that develops software and services leveraging the XRP Ledger. The token is widely held and has historically exhibited pronounced cyclical volatility.