- XRP Price reached its lowest RSI reading in approximately 13 years.
- Daily active addresses climbed from 23,000 to nearly 39,500.
- Weak volume and low open interest continue to pressure price action.
XRP Price has entered one of its weakest technical phases in more than a decade. According to analysis shared by Cryptollica, XRP’s Relative Strength Index (RSI) has fallen to 34.48, marking its deepest oversold reading since 2014. At the same time, on-chain data from Ali Charts shows network activity climbing sharply, creating a mixed picture as the token trades near $1.05.
XRP Price Shows Oversold Structure After Sharp Decline
The XRP Price recently broke the expected trading range between $1.10 and $1.20. Instead of stabilizing, the token slipped through support and dropped to around $1.05, stopping just above the key psychological level at $1.00.
Cryptollica highlighted that XRP’s current RSI represents its lowest oversold structure in roughly 13 years. Historically, similar RSI exhaustion has appeared before several major XRP rallies. However, technical indicators alone do not confirm that a reversal is imminent.
Market participation has also weakened. Open interest has fallen to multi-year lows, while trading volume has declined by nearly 50%. Those figures suggest traders remain cautious despite the deeply oversold conditions.
XRP Price Faces Mixed Signals From Growing On-Chain Activity
While price action remains under pressure, blockchain activity tells a different story. According to Ali Charts, daily active XRP addresses increased from approximately 23,000 on June 14 to nearly 39,500 over the following two weeks.
The rise in active addresses indicates growing network participation even as the XRP Price struggles. Higher on-chain activity can reflect stronger user engagement, although it does not necessarily translate into immediate price appreciation.
For now, the XRP Price remains caught between weakening market momentum and improving network fundamentals. Traders are closely watching whether the $1.00 support holds while monitoring RSI, trading volume, and address growth for signs that sentiment is beginning to stabilize.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
