XRP Prints Historically Oversold RSI as Analysts Watch $1.55 Neckline and $2 Target
Key Takeaways
- •XRP's two-week Relative Strength Index fell to 33.5, marking the most oversold reading in the token's 13-year trading history, yet the price remains above its long-term rising structure.
- •Analyst Ali Martinez says XRP is forming the right shoulder of an inverse head-and-shoulders pattern, with a break above $1.45 needed to activate a bullish scenario targeting the $1.55 neckline and a potential move to $2.
- •Daily spot trading volume for XRP has declined to below $3 billion from the $5 billion daily levels recorded during the August 2026 rally.
- •Binance registered a record-high monthly inflow of 1.6 billion XRP tokens, an increase in readily available supply that is generally viewed as bearish.
- •A decline below $1.28 would invalidate the oversold-bounce thesis, while institutional demand remains supported despite regulatory uncertainty after the defeat of the US CLARITY Act.
Ripple's native XRP token has clawed its way back to the $1.32 support level after a turbulent two-week period. Although XRP shed its August gains rapidly, the $1.42 monthly peak is back on the horizon, with the veteran altcoin now trading in historically oversold territory. XRP is the token associated with blockchain payments company Ripple and ranks among the longest-traded large-cap altcoins in the market, having circulated on the XRP Ledger since the network went live in 2012.
Historic Oversold Reading on the Two-Week RSI
Judging by the two-week Relative Strength Index (RSI), a reading of 33.5 points to an extremely oversold condition for XRP. The RSI is a momentum gauge that traders use to identify overbought and oversold conditions, and on a two-week timeframe it smooths out day-to-day noise, making it a tool for reading the broader trend rather than short-term swings. In practical terms, this means that the sentimental pain is already priced in, while XRP's underlying structure remains intact with undervalued traits.
YOU WILL BE CHASING XRP FROM BEHIND $XRP has just printed the lowest two week RSI reading in its entire 13 year history. Lower than 2018. Lower than the 2020 covid collapse. Lower than the 2022 bear market. Yet price is still holding above the long term rising structure… pic.twitter.com/eL9KVAlY0L
— Cryptollica (@Cryptollica) September 17, 2026
Per the analyst, the reading is lower than those recorded in 2018, during the 2020 COVID collapse, and throughout the 2022 bear market — yet XRP is still holding above its long-term rising structure. On this timeframe, a thirteen-year extreme functions primarily as a gauge of how far sentiment has swung, rather than a timing signal in itself.
Right Shoulder Builds as the $1.55 Neckline Comes Into View
XRP's price currently sits in a comfortable support zone between $1.32 and $1.34, where bulls are forming the right shoulder of an inverse head-and-shoulders structure, according to analyst Ali Martinez. The inverse head-and-shoulders is a widely followed reversal formation — three troughs in which a deeper middle low is flanked by two shallower shoulders, with the neckline drawn as a resistance line across the peaks between them — and Martinez's latest technical analysis points to $1.55 as the neckline that bulls are looking to conquer.
However, the pattern is still coiling rather than breaking out, and a stronger trading-volume impulse is needed to confirm the move, in line with the standard chartist requirement that breakouts be backed by expanding participation. Daily spot trading volume remains capped below $3 billion — a gradual drop from the $5 billion per day that XRP traders generated during the August 2026 bull run that lifted the token to $1.42.
XRP TARGETS $2 On the daily chart, $XRP appears to be forming the right shoulder of an inverse head-and-shoulders pattern. If the setup continues to develop, I'm watching for a move toward the neckline near $1.55. That's the key level. A confirmed breakout above $1.55 could… pic.twitter.com/HQfEkWiDoj
— Ali Charts (@alicharts) September 18, 2026
The tight trading band suggests consolidation, but a break above $1.45 would activate Martinez's bullish thesis. That would ultimately put a $2 price tag in play — a level the seasoned altcoin has not been able to reclaim since January 25, 2026. Conversely, XRP's price can find strong support at $1.
Whales Buy the Dip as Binance Logs 1.6B XRP Inflow
While big-time investors, otherwise known as crypto whales, are back buying the dip, Binance — one of the world's largest crypto exchanges by trading volume — has just recorded a record-high monthly inflow of 1.6 billion XRP tokens. Inflows of this scale are considered bearish because they increase the readily available supply of XRP, even though they technically register as a volume hike.
With the two-week RSI printing a thirteen-year low, there is a good chance that large buyers will take the opportunity to step in. Meanwhile, with crypto regulation remaining vague following the defeat of the CLARITY Act — a United States bill aimed at establishing a clearer regulatory framework for digital assets — XRP's institutional demand remains strong, backed by consistent inflows. Regulatory clarity has long been cited as a key variable for institutional in digital asset markets, and XRP is no exception.
A drop below $1.28 would invalidate the oversold-bounce thesis, while the $1.55 neckline is the level under the magnifying glass this week. If the Binance inflows carry over to other exchanges as well, that could create strong resistance for XRP to break past the red-labeled Bollinger Band (BOLL) at $1.35 — Bollinger Bands being volatility bands plotted around a moving average that traders often use to mark dynamic support and resistance zones.
Source: DailyCoin
