XRP (CRYPTO: XRP) dropped 7% on Friday, capping a 17% weekly loss as the token tests the critical $1 to $1.20 historical support zone that triggered the February recovery.

RSI At 18 Is The Most Oversold Reading In Two Years

XRP is now in capitulation territory with RSI at 18.79, the lowest reading on the entire two-year chart, sitting below both previous oversold signals that each produced substantial recoveries. 

The full EMA stack sits bearishly overhead with the nearest moving average, the 20 EMA, at $1.2900, more than $0.20 above current price. 

The descending trendline from August 2025’s $3.60 peak continues to reject every rally attempt.

Despite the brutal price action, June 4…

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