XRP (XRP) Two-Week RSI Hits Lowest Level in Its 13-Year History

Momentum Reading Below Every Prior Cycle

XRP (XRP) has just printed its weakest momentum reading on record: the token's two-week Relative Strength Index sits near 33.5, the lowest level in its 13-year trading history. The drop followed a sharp correction that left XRP, Ripple's cross-border settlement asset, more oversold on this timeframe than at any prior cycle trough — below the lows of the 2018 bear market, the 2020 COVID crash and the 2022 crypto winter. Analyst Cryptollica flagged the milestone in a chart shared on X, arguing the market has misread the moment: sentiment has collapsed and short-term price action looks broken, yet the long-term rising channel that has guided XRP through multiple cycles remains intact, with price resting near its lower boundary. EGRAG Crypto added supporting context, noting the two-month RSI has re-entered the same historical zone that preceded earlier bottoming processes — cycle behavior, in his view, matters more than the exact number. Not everyone is convinced a bottom is in. ChartNerd points out that XRP remains compressed between the 20-week EMA near $1.29 and 50-week EMA resistance around $1.52, warning that daily or weekly closes below $1.29 would put the $1.00 psychological level back in play — the 20-week retest, he writes, has to hold or the market dives.

Xhttps://x.com/Cryptollica/status/2100478189801771123

Binance Open Interest Down 32%

Derivatives data shows a market shedding leverage even as selling persists. Binance's XRP open interest — the total value of unsettled derivative positions — fell roughly 32% between Aug. 22 and Sept. 17, from about $323 million to $219 million, while price declined only around 11% over the same stretch. CryptoQuant analyst Amr Taha called the signal clear: traders are cutting derivative exposure while sell-side taker activity stays elevated across both futures and spot markets. Order-flow data sharpens the picture. Estimated spot CVD on centralized exchange venues slid from about negative $111 million to negative $2.1 billion, and Binance's perpetual CVD dropped from negative $361 million to negative $1 billion — meaning spot trading sell pressure deteriorated roughly three times faster than leveraged selling. The contraction briefly paused: on Sept. 6, open interest stood near $244 million after its seven-day change recovered to positive 1%, before the decline resumed. History offers a conditional silver lining — in past deleveraging phases, once excess leverage cleared and vulnerability to long-liquidation cascades fell, conditions for recovery improved. Taha adds that if short positions come to dominate the remaining book, funding rates could cool further or turn negative, easing the leverage imbalance.

ETF Flows Meet a Stalled CLARITY Act

Institutional flows kept building even as momentum washed out. Cumulative net inflows into US spot XRP ETFs surpassed $1.7 billion as of Sept. 9, and asset manager 21Shares has highlighted the asset's fixed supply, its utility and widening ETF access as structural supports — a trend that continued this week, when the Franklin Templeton XRP ETF booked a $3.5 million net inflow on Sept. 16. Regulation, however, remains the swing factor. On Sept. 15 the Senate voted 49-50 in the CLARITY Act cloture failure, leaving the proposed federal digital-asset market-structure framework stalled and its path uncertain. Ripple's position is that the failed vote changes nothing about XRP's existing legal standing in the United States, with the company pointing to continued demand across payments, stablecoins and institutional channels. Network activity underpins that claim: XRP Ledger transactions jumped 23.9% as fee burn ticked higher, evidence that utilization persists even as speculative positioning unwinds. The tension now defines the setup — record-low momentum set against still-growing institutional access and an unresolved regulatory calendar. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

The $1.3436 Ceiling Decides It

COINOTAG's proprietary 42-indicator composite S/R scoring engine, which maps support and resistance confluence across 42 indicators, frames the range precisely. Nearest support at $1.2835 scores 95/100 — driven by Donchian Lower, Supertrend and SMA 50 — while overhead resistance at $1.3436 rates 97/100, anchored by Ichimoku Senkou A and B and the cloud top. XRP changes hands at $1.3006, up 3.74% in 24 hours, with the daily RSI at 46.99, MACD bearish and the trend sideways. Positioning stays two-sided: funding at 0.0011% and open interest near $835.8 million sit beside a long/short account ratio of 3.02, while the Fear & Greed Index reads a neutral 50. Holding $1.2835 keeps the bottom case alive; losing it exposes $1.2166, which carries a 71/100 score. The standing two-week RSI record of 33.5 shifts only if buyers force a close above $1.3436.